Bosphorus_Capital
Short

Sell gold for a decline to 1151 and possibly to 1088

FX:XAUUSD   Gold Spot / U.S. Dollar
241 0 8
The move up from 1130 to 1230 is clearly corrective.

There are two options.

a) This was Wave A of the correction : In this case we are looking for a flat wave B to end in the 1150/1140 range

b)This was the entire correction: In this case we are looking for a new low between 1131 and 1089
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