astairwaytoprofit

Gold reversal's 1st Target 1961

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
After the completion of the upward wave 1 at 1998 dollars in five sub-waves, an abc correction was the normal consequence, of which wave c, we are watching to be in full swing with a first target of 1961 dollars.
Comment:
A correction that respects itself, corrects unseen up to 23.6% fibo , confirmed at 38.2% and completed at 50%. If it is a B or 2 wave, it can reach up to 61.8% fibo and also form double peaks or double bottoms.
If the count is accurate, next target 1931.00
Comment:
If this count will be accurate, next update will be with target prices.
Comment:
Trade closed: target reached:
Comment:
2nd Target is still pending.
Trade closed manually

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