In this article I will be discussing my Main Elliott Wave Count for the Gold Market. It seems that we are in corrective Wave 2 and within this Wave 2 we are just about to complete Wave B.
We should look for reversal near the 1240 region and and if a reversal occurs as I expect it to then the market should turn around and achieve levels uptill 1176.
SL can be place above 1246 and if this opportunity occurs then this would be a very good risk to reward trade setup as you can see.