Abdul-Forex-Movement
Short

gold will collapse soon

FX:XAUUSD   Gold / U.S. Dollar
40 0 0
GOLD             Nice Journey we are following from 1162. With this believe and confidence , we are looking more down.
Our next targets lies at 1057 and 1048 where we see wave 1 projections of about 400% and 470%.
We in previous analysis were looking for minor corrections and we got it near 1098 where we place our wave C in the of wave 4 and now we are going in final leg race of impulsive wave 5 towards first look at ray 1057 or 1048 and we will keep flowing for Major targets 1000.
Our invalidations now lies at 1097 which suggest some serious buyers that can take us towards substantial corrections.
We will see now resistance near 1080 which protect it from upside.
Trading recommendations :
We are bearish . We will sell on break below 1066 stop will be at 1075 and target will be down 1057 then 1048 and then ultimate 1000 we will see weak signs near 1079 also
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