This is one of a series of ending diagonals we have been trading recently so I though I would share it with you. I would expect at least a 50% correction of the previous push up. From there price may put in a 5th wave down to complete the recent short trend. For this reason this could be a very nice short trade set up. I will update this chart as it develops. Remember to protect you capital with a stop loss. Gold
can be unforgiving if you get it wrong and very rewarding if you get it right.
Trainer & Mentor