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DAVID_GIRALDO

GOLDEN Correction

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
DAVID_GIRALDO Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns Trend Analysis Wave Analysis
8
10
chartpattern trendanalysis waveanalysis
Hello Everyone, it seems gold is in a big Daily correction. I am anticipating a bearish wave down to the 1.13 ext and .886 ret. confluency zone. As of a sell from top, it may be too late, but any Trend Continuation Patterns found on lower TF may be a good opportunity to Sell!! Good Luck!
Comment:
There is a nice TCP forming. There is a good chance it will bounce into a bigger pattern once it reaches the bottom, but either way it is still a good setup to have for if it breaks.
RSI is confirming direction and .618 and .786 look like good PRZs as of now. Worst case scenario, this can end a break even trade if managed properly
snapshot
Comment:
Huge fall!!
David K Giraldo
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