Gold seems like going a corrective down move

7 Mar 2016

1.After a 5 waves ending diagnal,gold break up the down trend line and giving an impulse wave
2.We are waiting a correction down to the bottom of the channel on the daily chart
3.The precise turning point is hard to say ,but there are 3 price level which will be a great pressure on the 4h chart

7 Mar 2016

Not

1.Shark pattern 's D point at 1280

7 Mar 2016

Not

1h Butterfly at 1282

7 Mar 2016

Not

1.618 retracement at 1278

7 Mar 2016

Not

the Deep Crab in Copper also declaim that this impulse is in an big correction wave now

8 Mar 2016

İşlem aktif

Trade active at 1280
SL:1287
TP1:1225
TP2:1192
TP3:1137

10 Mar 2016

Not

Gold went exactly as we expect ,add one more short position at 1263,SL:1283

23 Mar 2016

Not

1280-1220,already 600 points
Onde again the harmonic analysis shows its power,but i don't mean that other methods are invalid.
Instead,many ways will lead to Rome,right
In this case ,we use the Elliott Wave counting as well,
The chart below shows a Gatterly Pattern this afernoon in Gold's 1h chart.I don't close my short trade because of this harmonic pattern.It'is because a Larger harmonic pattern is still running,and the wave count is not right.
The failure of this Gatterly shows the price is very weak to go any high above 1232

23 Mar 2016

Not