JjohnsonBeGreat

Gold Wave Analysis Multiple Trading Opportunities

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Gold is in the middle of a corrective structure. The structure is still forming and it is not yet clear if it is a variation of a Flat pattern or a zig zag . It is clear that price will make an initial sell off to retest the low of the A wave support, then it will either push to the blue box to finish the corrective structure forming a zig zag or it will push back up towards the resistance of the B wave to form a Flat pattern then push lower. After price reach the blue box I am looking for a very strong Impulse wave to finish the Bullish trend
Trade active: Gold have broke through support as I mentioned in the first analysis above. Look for the Buy set up now
Trade active: Gold is still pushing lower look for it to move into the blue box
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