As the second wave's decline was very strong, the fourth should not fall very deeply. Hopefully, it will remain at 0.38 ...
Looks like the minor 3 is in place for now. If so, then the new entering level is somewhere around 250. Invalidation line @249.40.
Bullish. Targets for minor 3 are 334, 351 and 375.
Short term view.
Shorting gold @ 1290 - 1305. Target area @ 1238 - 1204. SL @ 1307. SL moved to the upper edge of channel @1269.70 21.11.2013 Min target reached. Half of shorts closed @1238.00. SL moved to 1245. Stopped out. Total profit 52+45.
Shorting gold @ 1290-1305. SL @ 1307. Target 1238 - 1204.
