More downside potential on Gold

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Price has completed a 5-wave structure to the upside and we are now expecting a 3-wave correction lower. This confluence with the recent break of the head and shoulder pattern.

While we are looking for a short trade, the longer term bias is still to the upside.

We shall look for a quick short, to buy into a longer term position on Gold .
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