here is what I'm currently observing on Golds Daily chart and what I anticipate. As always be fluid and be able to adjust
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For the A Leg, there should be a retest of the Previous B leg. Its also possible to extend that to the .236 fib level at 1845.329. In which I see a retrace back to the .50 fib level of $1778. Some will make the argument thats an invalidation if it falls that far. I'm giving consideration of scam wicks. $1801.03 is the .618 fib, gold would need to close there or above when it retraces back to that level for a retest and then move higher. C leg is a retest/ should be a retest of the highest B leg shown on the chart $1889, I also have that marked near the 5 Elliot wave, which I have that being a 5th wave down on heavy selling a nearly 200 point drop in gold. and I look to for gold to retest all highs but fall short just under or at the 1.618 fib level which would give another great short entry. Thanks for allowing me to share my analysis
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expect more fireworks next week. Gold targets im watching $1812 and $1840
what I saw today . have a good weekend folks
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