NileshThete
Short

Progress of GOLD so far

FX:XAUUSD   Gold Spot / U.S. Dollar
125 2 4
After shorting Gold             below 1290 we made a low of 1257...There is clear 1,2 and 1,2 structure noted on charts...According to the labelling Gold             should gain momentum on downside this week after finishing the corrective retracement....
Comment: Break below 1258 will add confirmation to this count..........
Nice labeling!
I was also considering a combined correction (irregular flat + triangle)

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Break below 1258 will add confirmation...
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