Gold turned sharply lower then past week from 1295; clearly in impulsive fashion so it appears that metal is headed into much deeper levels within a correction of a higher degree. On the updated chart we are looking at A)-B)-C) decline in progress down to 1258 area, or possibly even back to 1245 before market may look for a new bounce; most-likely at the end of the month.
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Disclosure: Please be informed that information we provide is NOT atrading recommendation or investment advice. All our work is for educational purposes only.
and i really see nothing impulsive going up there like u proposing, all corrective, rather move from 1295 down was impulsive
and i miss one leg down, y, correction from 1377 top
trade safe
cheers
Take care
a ZZ
Good count. It is more bearish. I prefer your count. Thk