Gold Short Idea! C wave Decline!

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold             has started its down move again after giving the three wave upmove in a corrective trend channel. The current down move is expected to go around 1180 where the correction might get over and the new upmove will probably start from there. One can go short on Gold             with stoploss just above today's high of 1270 with Target of 1180.

Happy Trading!!

Siraj Hudda, CFTe

Skype: sirajhudda
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