GOLD - Idea Update.

Gold reached the 61.8% retrace of the previous wave at 1260ish and has started a correction which has just reached 61.8% of the previous impulse wave at a
I expect a decline now to 1286 23% fib or 1281 38% fib.
Good Luck.

Kommentera:

Looks like simple a,b,c correction taking place with c wave as an ending diagonal finishing around 38% fib retrace level of prior impulse.
If correct C wave down should start soon and take GOLD below 1260 .