matei2

Elliott Analysis applied to Gold

Long
FX:XAUUSD   Gold Spot / U.S. Dollar
In those days of high volatility in mkts, portfolio magers tries to use gold as refugee. In this case, I used Elliott analysis to forecast in some way the direction of gold for the upcoming days. Gold, at least for me, is starting an uptrend. At the moment is a new born process but I think is highly probable to continue... By the moment the process is just in its beginning but is better to take it now than in the next weeks.... Goal or Take profits price 1307.
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