Checkmate

GOLD - Precious Update

FX:XAUUSD   Gold / U.S. Dollar
129 0 13
Gold             is making a nice corrective structure and is likely to bounce off from an intermediate uptrend line. I am expecting another wave up before we see the down move towards 1025 price range. We need to wait for confirmation at the up trendline whether it is a break to the downside or make one more leg to an upside. Only time will tell. Stay tuned for more updates..
Comment:
snapshot
Comment: Waiting for a pullback towards the trendline and breakout to see another leg up. If we see the break below the previous impulse move low, then we see a different picture altogether. We need to wait for the structure to unfold. Stay tuned.
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