GOLD: Excellent wave structure, 1180 on horizon.

FX:XAUUSD   Gold Spot / U.S. Dollar
Risk aversion encourage price of yellow metal. Sharp rally started at mid January may be regarded as third wave. However, such a strong move may cause "failure" fifth wave, which does not move beyond the end of the third.
Comment: Update:
How do you think, this impulse beginning of bull market or just part of bigger correction?
godlp tricky_nik
i think the big A wave is end (1900-1040).
+1 Reply
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