The gold daily chart
has a lovely symmetrical upper trendilne to it...Im expecting a short at 61.8% fib retracement ($1255) as todays
move up was too strong to short gold
from a lower level and experience tells me that traders nearly always push the boundaries to the limits... the chart tells us we will hit this trendilne and 61.8 fib on Wednesday 8th June, do not rule out a fake bullish
breakout up to1160/1165 so not a trade for a tight stop loss. This should see an end to the correction and the beginning of the next wave down to $1130 - $1170 by end of June.