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NileshThete
May 15, 2016 6:25 AM

Progress of GOLD so far Short

Gold/U.S. DollarFXCM

Description

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..........
Comments
Red
Nice labeling!
I was also considering a combined correction (irregular flat + triangle)

NileshThete
Break below 1258 will add confirmation...
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