tomj2417
Short

Complex correction in GOLD

FX:XAUUSD   Gold Spot / U.S. Dollar
235 1 5
I have much doubt over this count and although GOLD             has bounced off both the 38.2% and 50% retracement of the move up I still think there is more downside here. The big question will be if this correction is just a wave 2 correction of a multi-wave move up or if my wave 1 was just in fact a rally on the way down (if that makes any sense!)
Comment: Nice bounce off the 61.8 fib. Is it a bounce or a turn?
Thank
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