Gold to see more Red

On short term basis, expect Gold to see atleast a move below 1891 level at once, with the current Elliott Wave progression being in Wave 4, either complete or continuing.

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15m : Went down precisely as expected, taking out Wave 3 low and hence achieving the minimum downside target.

Book partial profits and trail remaining position.

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15m : Went down further, trail remaining shorts as the current leg is Wave 5 :

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15m : More than 1.2% downmove since the original short entry, trail remaining shorts :