zhipengcfel

Elliott wave analysis on Gold (2016-08-19)

zhipengcfel Updated   
FX:XAUUSD   Gold Spot / U.S. Dollar
Gold is in consolidation for many days. From Elliott wave analysis it might have a very quick wave C correction and then starts the next wave up.

Let's see how it will play!

Good luck for everyone!
Comment:
I do not recommend to trade this correction as well as oil. The long term trend is very very bullish. We can just buy cheap position during the correction.
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