Image Source: DepositPhotosGold is trading strongly bullish, ideally unfolding a five-wave bullish impulsive cycle of different degrees.
It has turned lower in the last month or so, which has been expected as we saw market in fifth wave of an extneded wave 3 after breaking to new ATH. Well, what we see now is a new, higher degree corrective pause, ideally a higher degree wave 4, which can come to an end in the near future. We see nice support at 2280-2250 area. 
For more analysis like this you may want to watch below our latest recording of a live webinar streamed on June 17 2024:More By This Author:Bitcoin Keeps Consolidating Within Bullish Trend
Silver Slowed Down Within A Corrective Structure
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