GOLD: Sellers return at 1166.50, see why? by Reece Marini

GOLD M30

G30

Sellers have returned on the 1:1 (Blue) at 1166.50, I mentioned the importance of this Elliott Wave/Gann level in my earlier post.

As long as the market stays below the 1:1 (Blue) high I expect the selling to continue with the large stops that are likely sitting below 1130.00 the overall target.

* A 1:1 refers to a current correction being equal in length to a prior correction

ABOUT REECE MARINI

Reece Marini is an FX trader and Director of the http://forexhft.com an instant Forex rebate and Signal provider, if you would like to subscribe to our daily reports you can do so here its FREE

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