GOLD: We are in the Leading diagonal pattern. Expecting 2K below
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Market Commentary:
1. We are in the leading diagonal pattern as I shown here.
2. So either we completed wave (3) in the expanded 3rd wave and we are getting exactly in the 2.618 fib expansion level that I showed here.
3. Either the wave (3) or (5) completed and I am expecting minimum of 23.6 fib retracement if the wave (4) is still ahead or if the trend got reversed too...
4. The 23.6 also exactly in the previous support and in the bullish channel lower trendline too.
5. In the shorter TF it can go up to 2470 zone also but i am expecting the correction.
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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