My last analysis on gold had broken the invalidation level and I had to recount my latest wave count. My bias on GOLD is still going to a downtrend since the bigger timeframe is still looks like to go down.
Previously I share that my idea on gold that the price starting to go down. But the price went up a little bit to complete the wave in a smaller time frame and then go down.
By the time I write this idea the price is going to start a retracement to complete a wave B correction then continue to go down to the box level that I had marked on price area 1700
This is my 2 cent view on gold based on the Elliott Wave analysis.
The price will go down to the box area that I had mark
P.S: If there any mistake in my counting please inform me. I am still in the learning phase with Elliott Wave