Gold can go for more fall...

Hi all,

Hope everyone are doing great.

As we can see that Gold international is in correction phase.

Since it is in a triangular correction phase pending wave Z is not yet done.

Expecting Gold to complete the wave Z and resume the down trend.

On Weekly chart too we see rejection from 2000 level.

Enter as per your risk and reward calculations.

SL for pattern is 2012.

Short term = Up

Long term = Down

Stay safe and trade safe.

Note: The above is not a trade recommendation. Consult your financial advisor before taking any.

Komen:

SL is hit.