cozzamara

Gold: end of corrective move?

TVC:GOLD   CFDs on Gold (US$ / OZ)
Hi Guys,

after all the following we did we are now close to what AhmedSar presented in his post as the end of wave 4 at 1197.

Will it fall short or will it go behond that level?

Important to note that in his scenario the end of wave 4 do not breakout the upper line of the downward channel .

What happen if it does breakout?

Well...I have no idea yet...we crossed the 1200 on Monday with a strong move and we are now crossing it again?

Uhmmm...I don't know...but please remember that tomorrow CPI datas, next week the FMOC minute and 6th Nov US Mid Term Election.

Thank you for your attention, and please share your views and comments. Any idea is a contribution for a better understanding of The Matrix.

Good Night!

Please note that I am not a professional trader and these are my personal ideas only.
***This information is not a recommendation to buy or sell. It is to be used for educational purposes only.***
Thank you for following and for sharing your ideas.

Disclaimer:
The information contained in this presentation is solely for educational purposes and does not constitute investment advice. The risk of trading in securities markets can be substantial. You should carefully consider if engaging in such activity is suitable to your own financial situation. Cozzamara is not responsible for any liabilities arising from the result of your market involvement or individual trade activities.
Comment: I found this which may be of help to understand Gold's moves...