Bandar, you were very right about your Target 2 (Gold at 1136 as of now). Not sure why you changed your mind and turned bullish! Nevertheless, excellent analysis !!..
peterdcharlebois
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That bounce may be a new up-trend. I count EW and this is a classic correction ABC to the .618
Bandarsq
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@peterdcharlebois, I think 1280 is level that needs to be respected. Can you share your EW count?
peterdcharlebois
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@Bandarsq, Sure I will mark up a chart and post what I think. Of course it is only a perspective. May I ask (and do not do this to challenge but to understand) where you marked W, X, Y: is this your EW interpretation of the current correction? In my experience this does not look like a triple correction.