Gold update
Gold has bottomed out on. 2880 Level and bounced in a 3 wave pattern till now which could be ABC
or `123 or 1-2-1-2, if we go in fib extension it is only 123 % which is corrective pattern completion
point. Now it has to stay there and it should not retrace more than 38% in case in of 123
In case of 1-2 1-2 it can retrace as long as 2893 low of pattern, invalidation will make pattern
invalid and entire pattern from low will go as corrective ABC and part of complex correction.
or `123 or 1-2-1-2, if we go in fib extension it is only 123 % which is corrective pattern completion
point. Now it has to stay there and it should not retrace more than 38% in case in of 123
In case of 1-2 1-2 it can retrace as long as 2893 low of pattern, invalidation will make pattern
invalid and entire pattern from low will go as corrective ABC and part of complex correction.
Trade active
It is going as per our plan and didn't broke the 38.2% to downside and broke the upside.
Trade closed: target reached
Good breakout to the upside 
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.