Gold is recovering from 1277 low but still showing a corrective personality because of an overlapping price action. Therefore we think that rally from the low is temporary; ideally it’s wave (b) that is part of a larger downtrend. We see price now moving into 1320-1342 reversal zone from where a new sell-off may occur. A decline in impulsive fashion will confirm a downtrend continuation for this market.
GOLD 4h Elliott Wave Analysis
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FWP Network > Forexhound.com > Analysis > Commodities Analysis > Metals > GOLD Elliott Wave Analysis: Rally Into Resistance Zone
GOLD Elliott Wave Analysis: Rally Into Resistance Zone
By ew-forecast.com (www.ew-forecast.com)
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April 14, 2014
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Comments Off on GOLD Elliott Wave Analysis: Rally Into Resistance Zone
Metals · Elliott Wave, gold
Metals · Elliott Wave, gold

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