Elliott Wave Analysis: Gold Can Face Some Corrective Retracement In The Near-term

Gregor Horvat Wavetraders

Gold is trading near the highs, but we see metal in fifth wave of an impulsive structure from Mar 10, so pair can be trading in late stages of an uptrend. Therefore be aware of a turn lower into a three wave set-back that can show up by the end of the month.

GOLD, 4H

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Author

Gregor Horvat

Wavetraders

Experience Grega is based in Slovenia and has been in the Forex market since 2003.

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