In my video report on Gold published on 1st July 2017 when Gold (XAU USD) was trading around 1242 I discussed 2 high probability counts, both of which were pointing down.
As of now Gold has moved down below 1220 and is moving just as expected.
I think that the count that is playing out right now is the Double Zig Zag one as posted here.
Gold moving down as Double Zig Zag as expected (Elliott Wave Analysis)3rd July, 2017
Probable targets for Gold (XAU USD) downward progression :
T1 : 1223 (Already Achieved)
T2 : 1207
T3 : 1197
I will update further as this market progresses.
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