TradingView
0
All posts from TradingView
TradingView in TradingView,

Gold Futures Could be making a bottom.

Gold Futures Could be making a bottom.

GOLD FUTURES COMEX:GC1!

The A-B-C flat correction shown in the range, may be signaling Gold futures0.00%% could be bottoming soon. Though the dollar strength for short term could momentarily subdue Gold0.00%% prices, but sell offs are much difficulty at this point. In the Flat correction the C leg which generally takes shape of 5 leg down, currently seems to be undone or rather a 4th reactionary (of the fall) could be taking place. Though weakness for a day or 2 may be possible , but there could be a strong vigor of buying interest to support Gold0.00%% prices.