ICMARKETS:XAUUSD   Gold Spot / U.S. Dollar
As have been sharing a lot of bullish scenarios. This is my main idea and most likely. I see 3 waves why we have seen 1.27% extension rather than 1.618 at 2500 many are still looking for. wave 5 can get crazy and can tag 3k as many believe will happen. But in shorter term it is going to shake a lot out and create bears. Looking for a bear market starting. 78% retrace but could be 61.8% minimum would 2075 test of foundation. We are at a significant trend line that on the weekly and monthly is serious resistance it is respecting.

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