Think gold will continue sliding down!!
My analysis showing that gold is in a Down-trend since Aug. 2020 and about to finish its Elliott's corrective wave C targeting (1,680 - 1,500).
Stochastic showing downtrend strengthening and continuation.
Recommendation: Medium-term Investors (1-3 Months)
Seek for Selling opportunities
Stop loss @ 1,791.00
TP for 1st position @ 1,692.00
TP for 2nd position @ 1,600.00
TP for 3rd position @ 1,500.00
Stochastic showing downtrend strengthening and continuation.
Recommendation: Medium-term Investors (1-3 Months)
Seek for Selling opportunities
Stop loss @ 1,791.00
TP for 1st position @ 1,692.00
TP for 2nd position @ 1,600.00
TP for 3rd position @ 1,500.00
Komentarz:
MACD also showing strengthening in downtrend.