Possible short movement in gold

FX:XAUUSD   Gold Spot / U.S. Dollar
348 6 2
Just in the case that price breaks down below 1128. It could reach the 800's zone giving a complete 5 waves movement since september 2011 ...
@vrshaiju this is coming true
Hello! Today at 1155 was shy touch of 61.8% Fibo retracement! If it breaks below then 1117 is the next around the level that you gave.
Buy dips there as RSI shows divergence.
Tight stop would help if any.
Thanks for fresh idea view!
aibek aibek
This is the wedge I am talking about for bounce. Expect a bounce from here. We may see 1256 if we found support and close above 1167
aibek VRShaiju
Thanks for sharing, but due to rocketing us dollar will watch 1100 for buy
We reach there but not this time. Probably we should see 1780 before seeing 780 bottom. Gold is not in bull market any way.
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