Elliott wave analysis on Gold (2016-07-17)

FX:XAUUSD   Gold Spot / U.S. Dollar
Gold             is in a large correction of wave C currently after it broke out of the expanding triangle.
The correction of last week pulled the price back to the upper line of the expanding triangle. It seems that it got supported from the triangle line and might have finished the correction.
Gold             might recover the up this week and pay attention to the resistance from the red resistance line.

Note: If it breaks down the upper line of triangle unfortunatelly, gold             will make a deeper correction.

Good luck for everyone!
Comment: Gold retested the expanding triangle and got supported. Next target around 1383.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out