Thu, Jan 29, 2026 12:15 GMT
More
    HomeContributorsTechnical AnalysisGOLD Trading In A Temporary Correction

    GOLD Trading In A Temporary Correction

    Metals are in a pullback for the last week or so which is seen as a temporary retracement and reason is a substructure of a decline which is clearly slow, choppy and overlapping on hourly chart, therefore it represents a correction within uptrend. We see one leg missing; wave C) to complete a seven leg decline, ideally at 1246-1255 zone.

    GOLD, 1H

    Elliott Wave Financial Service
    Elliott Wave Financial Servicehttp://www.ew-forecast.com/
    Trading forex, futures or futures options carries a high level of risk, and may not be suitable for all investors. The possibility exists that you could lose some or all of your initial investment; therefore you should not invest money that you cannot afford to lose. Our website and the information provided here should not be relied upon as a substitute for extensive independent research before making your investment decisions.

    Latest Analysis

    Learn Forex Trading