As expected earlier Gold shoot over 4308 but ultimately fell below it ,next day we had got a good green candle however volume was not huge probably indicating local buying. This chart is weekly time frame not shown that. It seems C wave of correction is in progress. Intermediate 3rd wave is completed around 4308 now 4 th wave is in progress. Still Gold has left with primary 3 rd and 4th wave. This on going intermediate 4 th wave might take time.we can see intermediate 2nd wave had taken several weeks to complete and had retraced 50 percent of corresponding 1st wave. Let us observe how this 4th wave unfolds. Please go through my other posts of Gold and see their accuracy.
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