Gold Price On A Bearish Ride - Elliott Wave Analysis

October 1, 2019

London (Oct 1)  Gold made a further drop as expceted, after a temporary correction into a wave ii. You can check the previous article here.

Now, gold is breaking sharply lower, falling towards 1460 level which is also area of equality from a 4h chart, but intraday structure suggests that downtrend may resume further if we consider an incomplete bearish impulse. Ideally weakness will resume after a wave four rally.

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