🥇Gold Start Of A Strong Downward Wave?🥇

🥇Gold Start Of A Strong Downward Wave?

🥇The possibility of a major downward correction by gold is opening up in front of us.

🥇Looking at the dynamics of today's declines and the fact that the dollar is strengthening.

🥇I am leaning more and more in favour of a pro-decline scenario.

🥇The nearest strong support zone is around the fibo level of 0.382 of the entire upward wave from the bottom to the current peak.

🥇I would like to emphasise that the possibility of unexpected movements at the current moment is very likely.

🥇The technical environment currently supports a downward scenario.

🥇The scenario I am currently playing out is an attempt to attack the declines to the vicinity of the support zone. I'm aware of the possibility of a correction at any time, this should be taken into account, If the outlook changes I will publish a post with an update, so I encourage you to actively follow the profile and read the description carefully.

🥇*Please do not suggest the path I have outlined with lines it is only a hypothetical scenario.

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