We had an attractive TheoWave buy stop setup on Gold, delivering over 470 pips in profit.
I believe wave C is in the process of completion. We can expect selling pressure to increase from the supply box area. However, for now, we should follow the trend.
If gold stabilizes above 3,021, it has the potential to rise toward the 3,070 zone. However, this appears to be a temporary correction, and the weekly trend remains bearish in my view.
Apr 9
at
11:54 AM
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