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.
Note
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.
Note
15m : Went down further, trail remaining shorts as the current leg is Wave 5 : Note
15m : More than 1.2% downmove since the original short entry, trail remaining shorts : 
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Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Unmatched 80% plus forecast accuracy for 6 years : 50eyes.com/forecast-accuracy/
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.