TradingSurfers

Gold (Weekly) / Primary Elliottwave Count

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
The recent new high is changing everything IMHO. I've seen some Elliotticians force the short term count to fit the big ZZ count which is a mistake. Yes, the 2012-2016 structure looks like an impulse and the "forest is more important than the trees". But we clearly want to pump here in gold prices, especially because of algos. Big debate here among the EW community. Lots of external factors are troubling the EW TA (epidemic, endless, QE from global central bankers, systemic risk rising...). Lets wait and see. All eyes on the VIX.

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