Gold has completed first lag of 5 wave cycle and now has started new wave cycle. So get ready for big moves in gold after breaking 1375$ very soon.
Trade active:
So its not Wave 3. in larger trend it may be wave 2 or X. Currently looks like wave 2 as next wave is sharp like wave 3 seems. so gold has much more downfall left. IF wave 3 is completed as it has shown 170.7% of wave 1, it should bounce for wave 4 or level of 1143 (190% of wave 1 so wave 3 is getting is extended here) is coming if wave 3 is not completed.
