ew-forecast

Elliott Wave Analysis: Completed Correction On Gold Points Lower

FX:XAUUSD   Gold / U.S. Dollar
On the 1h chart of Gold             we are observing an idea of a flat correction that took place in red wave (B) and could now be already over, as of recent price action. As we see three sub-waves are visible in wave B), meaning that this correction is completed, and more weakness could be in store for wave C, ideally towards the 1310 mark.

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You educate the Elliot waves theory ?
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WRONG prediction!
+1 Reply
So Gold down and Silver up ?
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