Gold could retest $1237

TVC:GOLD   CFDs on Gold (US$ / OZ)
Gold was falling for a long time without a good pullback.
Now we are in that very corrective move as metal rebounded strongly from the 1180 area.
C=A around the area of the earlier low (1237), this is how amazingly the simple geometry works.
Comment: Think of moving stop to breakeven
Comment: zoomed
Comment: correction deepened and became more complex
Comment: gold failed to break the earlier top of wave A
so we got another leg of correction to the downside
Comment: Triangle was broken down - return to classic flat
Comment: the last wave unfolds and the target area is shown in the chart between 1235 and 1250
Trade closed: target reached


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