Get started
SolomonsView

GOLD headed higher in wave 3

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
SolomonsView  
TVC:GOLD   CFDs on Gold (US$ / OZ)
Elliott Wave Cup And Handle elliotwaveanalysis cupandhandlepattern Gold Silver XAUUSD XAG USD ( Silver / US Dollar)
3
1
elliottwaves cupandhandle elliotwaveanalysis cupandhandlepattern gold silver xauusd xagusd
Gold seems to have finished its downmove at the recent lows around 1690 levels. The move since then has traced out in 5 waves and is clearly impulsive. The one-two , one-two series of upmoves should accelerate into a wave 3 and head towards 1760 as its first stop before heading towards 1850s.

Silver is expected to follow same path.

#XAUUSD #XAGUSD
Michael @ SolomonsView

Twitter - @SolomonsView
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.