FX:XAUUSD   Gold / U.S. Dollar
As is shown in the graph, gold             have gone through a great uptrend. Corrective wave A is a flat corrective wave(3-3-5). Wave A had fell below 50% of wave 5. And there is double bottom shape. I incline to wave A is over. Now is in the corrective B. in consideration of daily support 1255, wave B is likely to be a triangle corrective wave. Dot d is 1268.42 low price of 2014-4-24. Dot b is low price of 2013-12-31. the price of will go up to Dot A from Dot b in theory. dot B is on the line which goes through dot a and c . It is clear that 1330-1350 is strong resistance. I am not sure whether price can reach dot B. As is distinguished in the Subchart, if close price of today (5-1) is higher than the open price, RSI and MACD present end deviation. The probability that gold’s price reach 1360-1380 will get a lot bigger.
Ideas Scripts Chart
United States
United Kingdom
Home Stock Screener Forex Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators For the WEB Widgets Stock Charting Library Priority Support Feature Request Blog & News FAQ Help & Wiki Twitter
Private Messages Chat Ideas Published Followers Following Priority Support Public Profile Profile Settings Account and Billing Sign Out