ew-forecast
Long

Gold Back To 1348 Elliott Wave Forecast

FX:XAUUSD   Gold Spot / U.S. Dollar
823 0 0
GOLD             is in recovery mode for few weeks now and it seems that current price action could move even higher in the next few days if we consider a broken trend line of latest five wave decline which suggest that impulsive move from 1680 is complete. Usually when market is in reversal mode the price will retrace back to the territory of a former wave four. In our case that comes in at 1394-1400 level that could be tested in the next two weeks.
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