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thenry
Sep 25, 2016 2:48 AM

Elliot Wave Count (Weekly) Long

GOLD / U.S. DOLLARICE

Description

Believe we are still Bullish. Move we are currently in is corrective. Unfortunately the bullish trendline was violated. Am speculating this move up from Wave 1 is corrective and could end with a weak "Y" wave. Enough trys at this major Bearish trendline and we could finally break it. A strong close above it followed by support on it would be a good indication that the Bulls would resume.

Comment

5 wave move currently started
Comments
albertwt
Is it because Gold has not reached 2011 & 2012 peak yet ?
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