gold market 2050 USD expect 15% correction/pullback

🔸Hello traders, let's review 2days/candle gold price chart today.
Strong gains recently after breakout of the ATH, currently trading
near ATH at 2337 usd. Having said that, based on the price action
structure, I expect an interim market-top at neat 2370/2390 usd
and a subsequent correction/pullback.

🔸Price structure contained within bullish channel since 2020, defined
by a strong sequence of higher lows and higher highs, currently
we are closing in on the cycle high, which should be printed near
2370/2390 usd. Projected pullback into golden pocket from 2370/90
until 2050 usd.

🔸Recommended strategy for position traders: wait for confirmation
of the interim market top near 2370/2390 and scale into short
position, expecting decent correction after we max out near 2370/90.
TP bears / position traders is backtest of the golden pocket area
at 2050 USD. swing trade setup, patience required. good luck!

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