Gold: ⬇️ Sell
- Gold falling inside wave b
- Likely fall to support level 3250.00
Gold is under bearish pressure after the price broke the two upward-sloping support trendlines from May and February.
The breakout of these support trendlines accelerated the active short-term correction b – which belongs to the impulse wave 3 from June.
Gold can be expected to fall further to the next round support level 3250.00 (former low of waves 2 and (b) from May and June).
