Gold is trending down since 9th of November high on a wave (c) of a. Setup for trend-following shorts on retracement near 1860.
Short here with tight stop loss just above upper channel line on a downward wave c, most likely an expanding diagonal c.
'Ambush' at the proposed entry zone for min. risk and possibly max. gain on this wave v down
A complex corrective wave structure, most likely being part of a 3rd wave advance within an expanding diagonal c.
Long on a wave (v) at the completion of an expanding diagonal c for max. thrust, towards a higher high.