Gold stops for Elliott Wave correction [Video]
|After strong and deep decline to 1800 back in February, metal is now once again turning bullish as yields are coming down with the USD. We have seen a strong move towards 2k, where the market slowed down, possibly for a new corrective pullback; ideally wave four that is now at first support here near 1940, so watch out for a continuation higher within wave 5 soon.
For more analysis on other markets check our Elliott wave video below, where we covered, FX, CRUDE, SP500, DAX and even cryptos.
Get Full Access To Our Premium Elliott Wave Analysis For 14 Days. Click here.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.