Geofftv1
Long

Gold - Wave idea and roadmap.

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
136 0 8
I don't normally post on the gold             chart but as I am personally long here are my thoughts.
Gold             looks to have retraced 38.2% of wave 1 and started wave 2 after a long expanded flat correction .
Good Luck.
Comment: Correction, wave 3 started and NOT wave 2
Trade active: I think my analysis above was correct as the C wave had an extended 5 which was quickly retraced! This if correct means we are in the early stages of wave 3. I will update with a fresh analysis soon on wave 3 progress.
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