Gold has in EW-terms made an a-b-c correction and within harmonic patterns an a-b-c-d pattern. That could be the reason why we see gold making - on the smaller time frames - a shs that could be the start of more downside to come... the 5th EW-wave down to the level around 1000. Notice the spinning top candlestick made today. But as always time will show.
Safe trading Gents!
BM
Safe trading Gents!
BM