Gold has been moving sideways correcting the previous downtrend.
The X wave is still looking incomplete here , expecting one more leg down to around 1180 before a bounce up.
The X wave is still looking incomplete here , expecting one more leg down to around 1180 before a bounce up.
Note
Played out very well. Might go down a little but watch for this breakout for a long trade on gold. 
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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.