bassel.hadak
Short

gold to below 1200 before it rallies again up

FX:XAUUSD   Gold Spot / U.S. Dollar
previous idea on gold             was expecting a rally to 1348 but since we are in corrective wave which now im getting clearer idea to identify it , it looks like expanding triangle which clearly identified that wave c will be very complex wave that were i forecast a long to 1348
now with above said , im expecting a down 3 waves to form wave E of triangle for wave 2
so wave 3 will be an impulsive wave which will hit at least 1425-1440 area
since it will be an impulsive wave time expected max by next year august 2017 but more likely to happen before,
Comment: C wave was the end of the corrective patter
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