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AndyM
Aug 4, 2017 6:24 PM
Gap closed in Gold, signature reversal, targeting 1067
Short
FX:XAUUSD
240
Gold/U.S. Dollar
FXCM
Description
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Aug 4, 2017 6:24 PM
Gold continues to develop wave B of a flat correction, targeting 1067.
Wave Analysis
Comments
sulbas
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Aug 5, 2017 8:37 AM
why is that 1067?
phoe68
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Aug 5, 2017 5:44 AM
1067? wouldn't that be too far?
AndyM
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Aug 5, 2017 10:26 AM
@phoe68
, we need to trace out w3-4-5 to complement the already traced out 1-2, and we are very likely to close another gap down at the bottom:
AndyM
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Aug 5, 2017 10:27 AM
@phoe68
, so, 1067 seems fair - it may vary of course, but landing in the middle of that gap zone in yellow seems a good target.
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