thenry

Shorting Oppurtunity

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
8
Currently believe the move up (double zig-zag) is complete. Appears both "C" waves have ended in diagonals. We are now in an ABC down which is also finished to create an "A" wave. Expecting prices to move up on Tuesday to test the 1157.90 area. This would be our "B" wave. This "B" wave needs to break the minor trendline but not go above the "X" wave. (If it does this whole idea is incorrect) After that am looking for the final "C" wave down to end this correction. This move down so far (pattern-wise) reminds me of the daily move down from the very top of "2016" (Crazy) The red dotted line is the Bearish trendline down.
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