Fxprotrader
Short

Gold Finalizes An 5 Wave Corrective Structure

FX:XAUUSD   Gold/U.S. Dollar
Price in gold             is moving into a triangle having already formed 4 waves of wxyxz corrective pattern. We need one more move to the down to complete the pattern and at the same time wave B of a larger ABC pattern. From there we will probably see a rally but that's for later.

At the moment price is testing the upper trendline of the triangle after a abc move. We can short gold             aiming the lower trendline where we will have the whole 5 wave pattern completion.

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John.
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