FX.co ★ mdouglas | Wave Wisdom: Mastering the Art of Wave Marking in Forex!

Wishing everyone well. Regarding GOLD, so far everything is going according to plan, though the plan is playing out too slowly. Today the price on GOLD went down again, as expected, but we’re moving too sluggishly; nevertheless, the pressure to the downside remains, we just need to push a bit more to take out the low and finish the last fifth wave of the third in (C), after which we can go into a correction for about a week. For now, according to the plan, we’ve formed 1-2 of the fifth of the third in (C), and today I’m expecting a continuation of the decline into the third of the fifth of the three in (C); we might even manage to update the low, although to be honest, I’m expecting that to happen tomorrow. I think we should finish the three in (C) within three days. If we go for a new high, this scenario is canceled and we’ll have to complete (C) with threes and then reverse upward.