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iSummer

Short XAUUSD due to apparent corrective structure

Short
Gold Spot / U.S. Dollar (FX:XAUUSD)  
iSummer Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Wave Analysis xauusdshort XAUUSD wavetheory corrective
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waveanalysis xauusdshort xauusd wavetheory corrective
Seems XAUUSD reached the 0.618 retracement of the previous wave down on the daily. Possible corrective structure forming therefore we should be up to a short. Possible target 1205.
Comment:
Note we bounce off the 0.618 retracement so far.
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