Daily
“Continued failure to hold gains has me contemplating a final washout. In fact, action since April 1st may compose a B wave triangle within an A-B-C decline from 1392. Under this interpretation, gold would drop below the April low in wave C before finding a major low. 1236 is a major level of interest.”
The drop to a new low does satisfy minimum expectations for wave C but stronger support is seen at 1230/36…then 1206.
LEVELS: 1230 1236 1251 | 1268 1277 1286