Pashabxl

XAUUSD: Gold resume its downtrend . Big picture and next level

FX:XAUUSD   Gold Spot / U.S. Dollar
89 3 3
here is an updated next level concering gold             .
Everything is clear. Until FED decide to increase its interest rate gold             may face this serious downtrend that may continue until 1080
TY Pashabxl,
Ofcourse the alternative view, maybe that this is start of wave3 Up??

Glenn, now Iskandarglen.
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Pashabxl PRO Iskandarglenn
Obviously ,the alternative is the raise of a wave 3 on the upside until 1202 and above til 1223 before resuming its initial path. Probability is rather beloow 50% for the time. Unless there is a big fall of EUR against USD a big break towards 1.08 and bellow. Then wave 3 on the upside
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Thanks Pashabxl,
I was looking for 1170 bottom this time.
I have no position here, currently.

Glenn

Glenn.
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