This is analysis for gold .
In our strategy, if the yellow were broken
by candles, gold will have a chance to getting close up tp 1300.
Last week, gold could go no higher than 1272, now gold is about to drop down to retest 1250 again.
If 1250 cant stop the dropping, which means the end of wave 2 and start of wave 3, and 1219 will be the next support .
Less is more!
If you trade with daily chart which means you hold a trade for a longer time, I would suggest you short it now at 1266.
And then to see if the last low break.
If so, hold it until the bottom of it.
Otherwise, you can close the trade.
You cant long gold until the yellow tradeline broke.