Elliott wave analysis on Gold (2016-06-19)

It seems that Gold was in a expanding triangle correction. After that it starts the fifth wave up. The target for wave 5 after the expanding triangle is the upper border line. It seems that gold will finish the fifth wave up soon.

I will wait the confirmation of breaking the support line and open short position. The first target is around 1234~1244.

Good luck for everyone!

Yorum:

Cool! It breaks!

Yorum:

Nice move. It is going to touch the target!