I think that the price may go down to USD140 (50% retracement) and then the share price will move on the 3rd wave of the EW. I will buy put an order at the current price (USD162) and will put another order at USD140 if the price goes down to USD 140.
What are your views?
Gold price levels in the 0.50 to 0.618 Fibonacci retracement levels, low RSI and a negative divergence between RSI and the price of gold. Likely that Gold will retrace upwards to the USD1200 region and then drop to USD 700 in 5 waves. What are your views?