GOLD Elliott Wave Analysis: Rally Into Resistance Zone

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
Interested in our analysis? Get now 1 month of full service for just 1€. http://www.ew-forecast.com/service
Like To Learn Elliott Wave ? View the recorded webinar “ Elliott Wave Live Market Analysis” http://www.anymeeting.com/ewforecast/EF55D980824E