The pair has been moving in a flat correction to bring forth a WXYXZ Pattern. the first wxyx have formed thus we should see price selling to complete wave z at 108.441 before the next impulse up to end wave 5 at 112.161
Gold still has more room to the upside, but we might see a decline till 1740 levels first for the next wave up. An inverse HEAD & SHOULDER is also present with the RIGHT SHOULDER getting completed. We shall be looking to enter BUYS. As always before you enter a trade, exercise proper money management and risk what you are comfortable losing.
From our this week's analysis posted we were anticipating for the slight buy setup then sells for Gold and the market gave us that setup. It sold well till 1746 levels to complete wave 4. We should start seeing price going up to complete wave 5 at 1859 levels. Good luck Traders. As always check on your risk management.