Gold seems to have completed the micro degree of wave 2 and ended the corrective wave. The continuation of short to medium term bearish trend of gold is backed on track with the confirmation of minuscule degree of wave 1. Minuscule degree has perhaps completed today and we might see a corrective wave of minuscule degree wave 2 probably today or tomorrow. Please bear in my the golden ratio of wave 2 is 50% to 61.8%, but, wave 2 can go up to 85.4%.
This is not trading advice and is just my opinion on the market.