Gold in correction, and bullish is prevailed
Gold still in bullish trend however the price currently in correction direction.
the price of gold currently embedded in wave {((4)) major level } subdivision of wave {(II) super cycle level}; for the next month wave ((5)) should takes place but for trader they should take their cautions as the RSI shows the price is overbought, and a bigger correction may happens any time.
Medium term direction.
there are two scenarios for gold as long as it is in bullish direction.
the first scenario:
as mentioned in daily and 4 hour chart that the price in wave ((4)) major level and wave (C) will end as equal leg of wave (A).
the second scenario:
A double correction will take place; and the end of wave (C) will form wave ((w)). therefore waves ((x)) and ((y)) shall take place before bullish bounce.
Weekly Chart

Recommendations:
Trade Direction : Bullish (buy)
entry level : 1411.56-1412.32
target profit : 1556.94
Invalidation level :1042.29
Daily Chart

Recommendations:
Trade Direction : Bullish (buy)
entry level : 1488.32-1445.87
target profit : 1556.94
Invalidation level : 1161.16
4 hour chart

Recommendations (preferred) :
Trade Direction : Bullish (Buy)
entry level : 1473.13-1439.34
target profit :1556.94
invalidation level :1267.41
1 hour chart

Recommendations:
Trade Direction : Bullish (Buy)
entry level : 1482.92-1477.37
target profit : 1556.94
invalidation level :–
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