umakanthraok
Long

Gold Futures Could be making a bottom.

COMEX:GC1!   Gold Futures
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The A-B-C flat correction shown in the range, may be signaling Gold futures could be bottoming soon. Though the dollar strength for short term could momentarily subdue Gold prices, but sell offs are much difficulty at this point. In the Flat correction the C leg which generally takes shape of 5 leg down, currently seems to be undone or rather a 4th reactionary (of the fall) could be taking place. Though weakness for a day or 2 may be possible , but there could be a strong vigor of buying interest to support Gold prices.
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