Gold is correcting at small 4 of C, expecting to retrace @1797.58 consolidating complex correction wxyxz (triangle, zigzag,flat) - to complete w.C @ 1764(above) which is 61.8% fibo of W.1 Buy @1764 - 1777 area Stop loss @1750
Note: this is not a signal, just a possible trade setups. All the EW is to me to a means of helping me identify positive trading opportunity(ies), I can identify a good positive risk/rewards ratio. * Where are you placing your risk, and where is the target potential - absent where you are setting your stop/ where you are looking to take profit.