GOLD: Correction started...will reach 2k below ?
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Market Commentary:
1. This is a leading diagonal pattern and we are in the wave (Y) will complete soon or already did.
2. Expecting a correction below 2K may be in flat or triangle for the wave (X) or wave (4).
3. If the wave (3) got completed in fib 1.618 and it is not extended then the (5) waves got completed
or it will complete soon.
4. If the wave (3) got extended and now we are in 2.618 fobs too then wave (4) or (X) will
start soon or already started?
5. In any condition i am expecting the correction below 2K.
6.If you know the Elliott Wave Theory..then u can understand easily here.
7. This is a MONTHLY TIME FRAME Chart analysis. MIND THAT.
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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