harshjapee
Short

Gold completes an Expanded Flat - Look Lower

OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold finally completes an expanded flat, a probable alternate discussed in December 2017. The metal being broadly in a multi year triangle, is carving out wave D lower which completes at 1200 levels at least. If the triangle count holds true, prices will remain broadly below 1357 levels and continue into wave (C) towards 1200 levels. Trading point of view, look to remain short, with stop above today's high, target 1200.

Good luck! and A Happy New Year To All!

Harsh Japee
WRONG WRONG! 80 % of traders are WRONG! We are at the bottom in precious metal market. Good to see chart like this. lol.
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This is another bearish alternative

My plan B

https://s3.amazonaws.com/tradingview/snapshots/s/SHJVXtqu.png
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harshjapee Parabolica
@Parabolica, Very much possible Sir
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Thank you, I did this earlier today... https://s3.amazonaws.com/tradingview/snapshots/w/WGP6Iboc.png

As a plan C, however your wave A of wave (B) does not have a distinguished 2 waves structure... (nor does mine).
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harshjapee Parabolica
@Parabolica, Thank you for the insight here.
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