Gold completes an Expanded Flat - Look Lower

٣ يناير ٢٠١٨

Gold finally completes an expanded flat, a probable alternate discussed in December 2017. The metal being broadly in a multi year triangle, is carving out wave D lower which completes at 1200 levels at least. If the triangle count holds true, prices will remain broadly below 1357 levels and continue into wave (C) towards 1200 levels. Trading point of view, look to remain short, with stop above today's high, target 1200.

Good luck! and A Happy New Year To All!

Harsh Japee