Gold completed its wave 1 from 1194.55 to 1235.29. Then it retraced to 23.6% i.e. 2nd wave from 1235.29 to 1126.58. Wave 3 tarted from 1226.58 to 1260.76. And now it is expected to go down for its 4th corrective wave with angle from 40-45 degree, from, 1260.76 to 1252.70 (23.6%) or 1237.71 (38.2%)