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JjohnsonBeGreat

Gold Wave Analysis Potential Huge Sell Off

Short
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
JjohnsonBeGreat  
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Wave Analysis Chart Patterns Trend Analysis elliottwaveprojection elliotwaveanalysis elliottwaveretracement elliottwavecorrection elliottwaveforecasts elliotwavecount elliotwavesharmonics
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waveanalysis chartpattern trendanalysis elliottwaveprojection elliotwaveanalysis elliottwaveretracement elliottwavecorrection elliottwaveforecasts elliotwavecount elliotwavesharmonics
The move up in Gold that started on November 12th seems to be a corrective structure. I identify it as a (3-3-5) Flat pattern, the move is also contained within parallel lines. I am looking for a huge sell off to around the 1413 area. If price break out of the parallel lines impulsively to the upside then this analysis would prove to be invalid

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