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Gold to see more Red

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Emas / Dollar A.S. (FOREXCOM:XAUUSD)  
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FOREXCOM:XAUUSD   Emas / Dollar A.S.
Trend Analysis Technical Indicators Wave Analysis Gold short elliottwaveanalyis wave5
4
1
trendanalysis indicator waveanalysis gold short elliottwaveanalyis wave5
On short term basis, expect Gold to see atleast a move below 1891 level at once, with the current Elliott Wave progression being in Wave 4, either complete or continuing.
Komentar:
15m : Went down precisely as expected, taking out Wave 3 low and hence achieving the minimum downside target.

Book partial profits and trail remaining position.

snapshot
Komentar:
15m : Went down further, trail remaining shorts as the current leg is Wave 5 :
snapshot
Komentar:
15m : More than 1.2% downmove since the original short entry, trail remaining shorts :
snapshot
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Video Course : 50eyes.com/elliott-wave-course

Author : Think with the Markets

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And the fall continues (Gold possibly to see more downside)
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