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Geofftv1

GOLD - Targets 1230 then 1210

Short
Gold Spot / U.S. Dollar (FX_IDC:XAUUSD)  
Geofftv1 Updated   
FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
Chart Patterns Wave Analysis
4
2
chartpattern waveanalysis
Building on my idea back from July GOLD looks to be in wave C of a large triangle which may end around 1210 where wave (a) = (c)
Good Luck
Comment:
It looks like minute wave 3 is complete and wave 4 has traced out a double ZZ.
If correct wave 5 will target around 1232. Good Luck.

snapshot
Comment:
Looks like an expanding diagonal is in progress, if correct GOLD should rise to around 1285 then fall to around 1210-1220 for wave 5 which must be longer than wave 3.
Good Luck

snapshot
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