Gold short trading opportunities (Elliott Wave Analysis)

As such Gold has been moving as expected in a 3 legged correction heading down, currently it is in Wave B of the A-B-C correction.

I expect that this market will face resistance around the 1281.70 region and is most likely to give a reversal near that region for the Wave C down.

I will update further as this market progresses.

Komen:

Moved exactly as expected.