Gold H1: Price may Retrace one more Bearish Wave before resuming Bullish Trend​

While ADP has turned out surprisingly weak, the gold faced resistance and failed to gain further.As such, the market is most likely to wait for the actual NFP data this Friday and gold may continue to retrace.From the technical perspective by observing the recent repeating patterns (the black box which contains to red box representing every wave of retracement), the gold may extend its fall and complete another bearish wave.For those who have bought near the 1470 region, if you have a stop loss at 1465 or below, you can choose to hold.Otherwise, you may consider to exit partially or fully and await buy opportunity at 1467 region.

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