Gold Elliott Wave View: Pullback Completed
Elliott Wave Forecast | Apr 18, 2017 02:59
Short term Elliott Wave view in Gold (XAU/USD) suggests that cycle from 4/10 low (1246.92) is unfolded as Double correction from the peak within the Minutte wave (b) pullback can’t be ruled out yet before the rally resume, where we would like to be buyer’s again. Now as far as trading above earlier low 1281 and more importantly as far as pivot from 4/10 low remains intact metal has scope to resume the upside. We don’t like selling the metal into the pullbacks & favors the upside in metal as far as pivot from 4/10 low remains intact.
Gold 1 Hour Elliott Wave Chart
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