Gold in Intermediate View

FX:XAUUSD   Gold Spot / U.S. Dollar
XAUUSD             has been in a bear market since it reached 1920.80. The bear cycle has the pattern WXY which it already finished wave W by reaching 1046.23. Luckily I didn't witness that period, I would had thought XAUUSD             was going to moon before it collapsed :-\

XAUUSD             is in X wave now, in a minor degree x which I set three targets for it as shown in the chart.

Best Wishes
Comment: On 3-Day chart, it's easier to sport RSI Divergence.
Comment: Nice breakout opened the door to lower targets
Comment: target 1 reached. I expect a bounce here.
Comment: It's about to test the lower trend of the channel.
Comment: Target 2 reached.
Comment: I expect Gold now to go for target 3.
right on targets
So far.
+1 Reply
+1 Reply
Bandarsq arif_awan
so far so good.
+1 Reply
gold is not gonna come down so deep though.
Bandarsq arif_awan
I'll update if change of plan.
+1 Reply
thanks... now i can sell when market will open?
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