Gold Trap

Gold should trap both bulls and bears here..! 10 trading old weekly opening GAP @1173 and FOMC fed release GAP @1152 is still remaining to close. Gold printed an Yearly doji which lead to push the Gold towards 1600 in next two years. Probably the Next year should be the golden year for Gold.

However to keep the bullish scenario Gold has to fill all these Gaps. The hidden Wolfwave plus Elliot Wave Correction wave suggest a sharp fall before picking it sharply, I prefer Neutral to this month to complete the correction pattern.