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ew-forecast
Feb 15, 2016 10:08 AM

GOLD : Weekly Forecast Long

Gold/U.S. DollarFXCM

Description

On the Weekly chart of GOLD, we are looking at a possible corrective pattern (A)-(B) and (C) that looks to be completed. In the wave (C) position we labeled an ending diagonal, that looks finished after recently broken trendline. That said more upside could follow in wave I / A.

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Comments
TomPower
That B leg has you going down after a top for the most of the year. It is a slow market.
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