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FUNTRADER-Vera
Mar 2, 2018 1:08 AM

XAUUSD: 1303 is the end of the first wave? Short

Gold/U.S. DollarFXCM

Description

Traders,

Gold has touched 1303 once few hrs before.
Is this a signal of the end of the first descending wave and a corrective wave coming soon?
Inside the channel , this is a 3-wave trend start from a double top. And very likely to start a corrective wave soon. After that corrective wave , 1265 for gold to drop in the first season is highly possible.

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Comments
apichart21
Hi FUNTRADER update please :))
Simon_says
I hope it will go down from now, I have opened a few short positions :) Thanks for your analysis!
TruKING852
thanks for the chart! i have a similar read
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