chessnut
Short

XAUUSD short opportunity on its way.

FX:XAUUSD   Gold / U.S. Dollar
59 0 1
Here is a nice and clear abc pattern in XAUUSD             . last night a third wave of C brought us to 1308. the iv(C) should turn in the iv wave area as illustrated, before a fifth wave moves up UNDER 1317. (strong stoploss level ifthe analysis is correct). I will be looking for a fifth wave weaker than the third wave, to turn around at .618 of the iii             wave OR after a clear five wave fractal has broken a fresh high above 1308. Targets are potentially big.
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