anilmangal

Gold making a corrective structure

FX:XAUUSD   Gold / U.S. Dollar
5659 18 167
Posting on request . Looks like the correction is in the C wave down , this could be an expanding flat or a running flat . I would not be trading this until I see a clear setup.

Tread with care.
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Big hat tip to animangal for the running flat call. Well done Sir!
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Hi! =) I Sell Gold at 1228. I didnt expect the impact of FOMC yesterday night in whhich the gold market bull up 3000pips++. In your opinion, should I cut loss or hold for a Sell? Sincerely looking forward for your valuable opinion. Thank you. =)
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Ok. Thanks Anil
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Very good potential in this one, thanks Anil.
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Thank You Anil and pls keep us updated
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HI
Anil love your charts and info, looks to me hour chart small a,b,c back to 1250 then equal measure on the wave c take us to around 1196.
+1 Reply
Currently it is floating around the 1231-1236 area... do you think it will spike down soon?
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Zohaib_Malik larsindrumz
still can see 1250-60
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larsindrumz Zohaib_Malik
So it will go to 1190 first and then 1250-60?
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~1194 seems like a good first target (0.382 fib retracement). Then 1170 as a second target (fib 0.5). After which I would try to go long for what could be a very impulsive wave 3 on the daily/weekly timeframes.

snapshot
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