$XAU/USD (Gold) 1 Hour Elliott Wave update

We like the idea of Gold trading higher in a triple three corrective structure.  Short-term expect a test of  1299 area to complete wave (( w )) of Z. After this Gold should make a 50 – 61.8 % pull back of the rally from 1237.70 low and see more strength toward 1308 – 1337 to complete a cycle from 1182 lows. We don’t like selling Gold into proposed wave (( x )) pull back

 

Back

Subscribe to our Commodities Blog

First Name: *
Last Name: *
Your Email Address: *