TradingEW
Short

XAUUSD impulse wave

FX:XAUUSD   Gold Spot / U.S. Dollar
85 1 7
Strong impulsive PA and wave count since 3 Dec 2015 low suggests a major trending impulse wave (C) advancing, more likely a straight 5 waves impulse than an ED. Projection of such impulse pattern could see Gold             reaching 1540.00 by the year end with ease.
Anyway, immediate price action could see retracement towards 1144.00 area before resuming uptrend.
1st target wave 1 almost done, short again when resuming trend on wave 3.
snapshot
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