Quasim

Gold update on long term trend

Short
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold (XAUUSD)- 3rd is extending. 3(green) of 3(white) looks complete and a correction in 4 of 3 is due. Since 2 of 3 was deep in a zig zag 4 of 3 should be shallow and may form either a flat or a triangle. 1838 is 38.2% of the rise and the spot price should ideally not fall below that.

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