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BitzGvng
Feb 3, 2018 9:34 AM

GOLD/USD excellent long-term opportunity Long

GOLD (US$/OZ)TVC

Description

Has completed 5 Elliot waves and then retraced exactly to .618 Fib line (which also happens to be support - tested twice). Coupled with the oversold Stoch RSI indicator, GOLD could definitely be poised to rise, and perhaps test resistance once again, within the few months.
Comments
SlaviToskov
I do agree. I am trading silver based on the same analysis.BUT! We need to have a rapid movement upward or we are going down!
BitzGvng
@SlaviToskov, looks like a bounce could be imminent
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