The Gold has retraced to 161.8 after finding support at 261.8.
The current level may attract sellers. We have establish the Fib level if sellers are serious to take gold down to 261.8.
Using Trendline confirmation.
Signals confirmation in Wave points using Bollinger Bands
Daily Overview of the Trendline and Wave count
Break of 100 Fib level is a required confirmation for sell and the the Established TL
The monthly over view
Any sell signal and Bearish continuation signals with indicators confirmation may a be guide to maximize the trade.
Traders that loves lower time may Trade it in H4 or H1 taking note of KEY support levels.