Disliked{quote} Gold - went even lower since my last posting. I guess I didn't get it right the last time. Looking at the charts now, I see 2 possibilities 1) Gold is currently in the correction wave and wave a and b are already on the way and gold will go higher. 2) Gold is currently in wave 4 and about to start wave 5. There was another impulse of the lesser degree that made up wave (iii). This is also inline with the daily chart and the next target is around 1180. Either way, I'm still holding my short position since 7 Nov. With non-farm around the corner,...Ignored
The breakout from the wedge (either a leading or ending diagonal) should give me some clearer direction. Until then, I shall wait patiently.
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