From the previous analysis(link below). I think gold is going down and yes it went down from the 1338 to 1315
But, I think I was wrong. Maybe, wave (iii) has not revealed itself yet.
I will use this new wave count for the next week.
This set up will invalid if price below 1300.
In January 2016, Silver has begun a big wave rally but every party must come to an end.
For now, September 2016, Silver has ended the cycle 5 waves up unfold as expanding leading diagonal and going into a big correction after 5 waves up.
IMO silver is now in a wave C and expect to see impulsive 5 waves ...
From the previous analysis I think EURGBP has completed Bearish Bat pattern.
What we see in the chart ?
1. We have a berish divergence from AO
2. We have two pin bars in 4h timeframe
3. We have Batman . . . sorry just Bat ^^
So I think we are good to go short against this bull. Next week we will kill the bull ...
I think gold is going under a big correction A B C
Completed wave A unfold as impulsive
Completed or neary complete wave B unfold as triangle
Wave C will begin in the next few week
I have short position around 1336 and stop above C of triangle
Target price of the bat pattern around 1220-1240. Rrr 5:1
I think we are in a triangle of wave 4 of (C)
In triangle, i think EURUSD has remain one wave up (wave e)
Depend on you guys to wait for sell when wave e finish or trading buy in wave e. TP 1.14 - 1.15