Elliott Wave Analysis: GOLD Trading Higher

FX:XAUUSD   Gold Spot / U.S. Dollar
On the intraday chart of gold we kind of adjusted our wave count a little, as of recent price data. We think that price could now be trading in final stages of blue wave v of 3. Meaning that a temporary reversal, wave 4 could be in the cards in seasons to come.

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1. First of All your Elliot wave count is all wrong! its in Wave 4 BUY and in Convergence I Must Add
2. I would Be careful here is my comment from 21 hours ago http://www.linkedin.com/hp/update/6166527648127283200

and here is my comment from 6 days ago http://www.linkedin.com/hp/update/6164461975616114688

+1 Reply
ew-forecast Robot1010
Nope. This chart could prove to be quite nice, if we get a support area around the former wave iv. Yes it is now in wave 4.
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