$XAU - Market Analysis for Jun 19th, 2018

There is still room to test the .786 retrace at 1266, but otherwise gold has fulfilled expectations on the micro for wave 5 of c with this latest low. Therefore, we can start looking for signs of another possible bottom forming, which would be initially signaled by a break back above 1285.

XAU A0-FX - Micro - Jun-19 0619 AM (2 hour)
XAU A0-FX - Micro - Jun-19 0619 AM (2 hour)
Garrett Patten is a senior analyst at ElliottWaveTrader covering both U.S. and international equity indices as well as stocks.