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Long

GOLD found the low around 1540 area after five waves down in wav

FX:XAUUSD   Gold Spot / U.S. Dollar
171 0 0
GOLD             found the low around 1540 area after five waves down in wave ( iii             ) from where we are now tracking wave (iv) pull-back as also discussed in our video yesterday. Current three wave bounce could retrace even back to 1575 before market turns lower again. Detailed chart with elliott wave levels http://ew-forecast.com/content/fck/gold741_4.gif
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