Gold 4H wave Counts - Wave (4) in place? - Dec 19, 2017

19 dic 2017

Gold story remains intact and unchanged fro what we presented yesterday, except for the fact that the metal topped out a bit higher than expected. Gold has just tested its immediate support around 1260 levels, a break lower through 1257 should be encouraging for bears since the counter trend line would also break then. A probable meaningful top looks to be in place at 1265 levels now and prices should ideally stay below that. From trading point of view, please remain short, stop at 1277 and target 1230 and 1200.

Good luck!
Sincerely
Harsh Japee