Gold has carved an intermediary low around $1678 recently and it might be correcting into an A-B-C (3-3-5) towards $1775, to terminate potential Wave 4. Thereafter, the metal is expected to turn lower towards $1650 and $1550 levels. In case of a running flat, Gold might have terminated Wave 4 today around $1738.50. Alternately the metal will unfold Wave C subdividing 5 waves higher towards $1775/80, going forward.
Short against $1876, add mote @ $1775, target is $1650 and $1550
Short against $1876, add mote @ $1775, target is $1650 and $1550