Gold eems to be in Minuette Wave (iii) of Minute Wave ((iii)) .
Minuette Wave (iii)seems to be coming to an end, so we wait.
Trading opportunity will be presented when Wave (iv) is clear around the area of Subminuette Wave iv.
Pair in MInuette Wave (iv) of a flat correction within Minor wave 2. Looking for a shorting opportunity between 0.236 and 0.50 of Subminuette Wave (iii)
If the count is correct the pair is likely to fall to 1.2660 - 1.2600 before it rallies.
The downtreand doesn't seem like it will come to an end soon.
Pair is Now in subminuette Wave iv With MInuette Wave (iii)) Within a 3rd wave extension.
If the count is correct the pair is likely to fall to 110.66 - 109.80
Pair is now in Minute Wave ((iv)) of which is likely not to be over 50.0 of Wave ((iii)).
If the count is correct the pair will rally 1.1850 - 1.1895.
1.1723 Will be a proper stop, Meaning if price reach there, we are wrong and have to look for alternate count.
Minute Wave ((iv)) seem to be complete and Wave ((v)) about to begin. If the count is correct we might see the pair fall of the cliff to 1.1490.
Alternate count Minuette Wave (c) Within Wave ((iv)) can be Wave (a) of Wave ((iv))