Correcting Down :

Gold should have completed the Minute-degree correction in wave ((ii)), on the Fibo 0.618 retracement level. A corrected leading diagonal (to the downside) after an uptrend which resulted in an ending diagonal(of one larger degree), would suggest an excellent setup for short position.

The market selloff would accelerate down (through 1213.2), in an extending third-wave of Minute degree of A.

Gold - Intraday


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