GOLD/DOLLAR - Daily correction on hourly basis.

٢٥ يناير ٢٠١٧

Accordingly to the wave count the fifth wave of the daily uptrend (five waves up) made its peak and price action suggest the begining of the correction on hourly. This whole dynamic is the second wave on weekly basis (see RELATED IDEAS) and it is expected a Zigzag movement on daily chart.

٢٦ يناير ٢٠١٧

ملاحظة

Price retraced 61,8%.
I'm expecting a flat ABC because of the sharp zigzag.