FX:XAUUSD   Gold Spot / U.S. Dollar
We just finished the primary w.4 with triangle correction, as we all know that triangle usually the move before the last move so now is the time for the last move w.5, we can see that gold just broke the triangle in which confirm the start of w.5 of primary degree. We can see that w.1 of the lesser degree is finish and we are now in the correction w.2 of a lesser degree. The ideal retracement would be around 61.8% of w.1 in which we are very close to that already. We also might also see w.2 retrace back to around 78.6% but the count is still valid as Long as w.2 is not exceeding the beginning of w.1. This is the perfect trade with really good ratio with tight stop loss and high profit!.
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