XAUUSD SHORT TO 1742

During Friday, we saw NFP manipulation push Gold up 1780 completing a 5 wave impulse move to the upside, before crashing back down again. As with every healthy trend, market requires a correction which we are now seeing in Gold. Now that the first impulse cycle is completed, I am expecting Gold to correct itself to the downside & fill in any imbalance created around the 1742-1738 zone, before starting the next impulse phase to the upside again.

I will be catching this move on behalf of myself & my Account Management investors.