GOLD H4 — Stay Neutral!

Wait 5 sec.

GOLD H4 — Stay Neutral!GoldOANDA:XAUUSDSRA_TradesAfter several bullish weeks, gold is now making a correction. At the current level, it is better to stay neutral because the market is not in a good position for either buying or selling. However, I believe the buy side has better potential. For a short trade, it may be better to wait for Wave c of B to complete, possibly around $4,600. After that, another Wave C should complete the ABC correction. If the ABC correction finishes around $4,250, there may be a good opportunity to look for buy positions, with the potential for much higher targets.