NeeravYadav

Gold moving down in Wave 5 as expected (Elliott Wave Analysis)

Short
FX:XAUUSD   Gold Spot / U.S. Dollar
In one of the previous articles and last youtube video I pointed out that Gold will most likely give one leg down for the Wave 5 after which I expect the upward rally to begin.
As of now it looks like it is moving down in that Wave 5 and can see downwards levels around 1215.
Invalidation Level : 1194.

I will update further as this market progresses.


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Author : Think with the Markets
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