cbud
Short

EW 4th wave short for Gold

FX:XAUUSD   Gold/U.S. Dollar
44 0 1
The weak ratio moves that almost look like an Ending diagonal into the lows today imply a strong rally correction will follow (perhaps a .5 or .618 correction against the highs). The volume pattern at the lows I interpret as an Exp             Flat into a .382 correction 4th wave. The .382 correction implies a 2.618 multiple expansion target for a wave 5 down. This still needs to set up as an impulse or Ending diagonal into wave c of 4 to be valid and has a way to rally still.
Truth is what happens in the real world; not necessarily words from a book.
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