Gold in the way of 5th wave? Short

Gold/U.S. DollarFXCM

Description

⋅ Nov 23, 2018 8:43 AM

Looking at the daily chart and assuming my wave count is correct, seems gold has not completed its 5th wave.
The current place is the perfect place to go for the 5th wave and test the previous low at the same time (look at the images below)

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⋅ Nov 23, 2018 8:44 AM

Daily view of the downtrend:

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⋅ Nov 23, 2018 8:44 AM

H4 view of the possible 3 wave correction:

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⋅ Nov 23, 2018 8:45 AM

Daily view, 27% and previous low:

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⋅ Nov 23, 2018 8:54 AM

Taking the trade on 1H