Elliott Wave View: Gold Extends Higher in Impulsive Move
Short Term Elliott wave view in Gold suggests that the decline to $1381.42 low on July 1 ended wave (4). Above from there, the yellow metal is rallying higher as an impulse Elliott Wave structure looking for more upside within wave (5). Up from July 1 low, wave ((i)) ended at 1396.35 and wave ((ii)) pullback ended at 1381.9. Wave ((iii)) ended at 1436 and wave ((iv)) pullback at 1423 low. Up from there it ended wave ((v)) of 1 at 1437 peak. Below from there wave 2 is proposed to be completed at 1412 low.
We dont like selling it and prefer more upside against 1381.81
We dont like selling it and prefer more upside against 1381.81
14 days trial --> elliottwave-forecast.com/amember/go.php?r=2670&i=l3 and get Accurate & timely Elliott Wave Forecasts of 78 instruments. Webinars, Chat Room, Stocks/Forex/Indices Signals & more.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
14 days trial --> elliottwave-forecast.com/amember/go.php?r=2670&i=l3 and get Accurate & timely Elliott Wave Forecasts of 78 instruments. Webinars, Chat Room, Stocks/Forex/Indices Signals & more.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.