For GOLD i believe we are currently done with Major Wave 1 and are currently in the midst of completing Major Wave 2 which seems to be unfolding as a flat corrective structure. If it does unfold as a flat instead of a ZigZag i believe the 1840-1850 area to be a good area for a Intraday BUY. We could take profits somewhere around the 61.8% fib level of the Major Wave 1 down which would be somewhere around 1940-1950 area.
However do take not that Wave 2's can unfold as a a ZigZag as well. Taken that into consideration way not reach the 1840-1850 area before the shoot up. Good Luck
However do take not that Wave 2's can unfold as a a ZigZag as well. Taken that into consideration way not reach the 1840-1850 area before the shoot up. Good Luck