Gold

Gold i believe wave A ended @ 1277. Wave B concluded @ equal legs (1331) and decline has resumed in wave C. Wave (( b )) is thought complete at 1307.60 and as this level holds, we like more downside toward 1260 to complete wave (( w )) of C. Short-term, wave ( x) is expected to fail between 1291.60 – 1295.50 area.


While above 1276, Gold can reach as high as 1291 - 1295.50 to complete wave ( x) before it turns lower to resume the decline