Gold has almost completed a minor wave v of the the corrective wave C of the larger main corrective wave 2. With the existing risk now becomes lower compared to the start of this week, a potential rewarding LONG can be traded with a stop of about 27$ and a good risk to reward of 1:3 or TP at 1930.
Here's the progress for our long trade idea for #GOLD #XAUUSD Price may completed its minor impulsive wave (iii) 15-19$ from current level or the 2.5 - 2.618 fibonacci extension levels. respectively. Chart is well presented below for reference.
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