If gold is still in a downtrend and has really ended the wave on 1614, we are now in a b c correction. Wave a went to small market cycle wave iv (1730 as we were expecting 2 weeks ago), and if we really ended wave b, on 0.76 fib of wave a length, i told you 1657 and 1640 are IMPORTANT levels, it rejected yesterday from it. If we see a daily closing candle above the 1660’s market structure, we can correct until the downtrend again, or until previous high a wave, or, if we see more strength signals for gold, till the bigger market cycle wave v (1800) before resuming the bigger downtrend. If not, gold will stay in the bearish channel to retest the last low at least ( reasonable with us dollar power lately ).
Goodluck,
Joe.
Goodluck,
Joe.
