sulbas
Short

Is there room for more correction?

FX:XAUUSD   Gold Spot / U.S. Dollar
80 0 4
No indicator. No Calculator. Thats what i see on chart. Wave-1 completed with its correction and Wave-2 start with its impulse. Brexit impulse is irregular and only a baloon part of Wave-2. According to this point of view correction may go on and kiss around 1220 within this week and may try to set up there.

My idea belongings are: there sees no incredible event to impulse up gold             until elections. US economic datas are well, EU is blowing with crisis, China is unstable. Only hard war rumors may trigger gold             but it is not on the table currently.

Good Luck!
Trade active: look at this..
snapshot


can you see how similar is it with Wave-2 stated in above chart
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