Contributors Technical Analysis GOLD 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

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