Elliott Wave Analysis: GOLD Intraday View

Gregor Horvat Wavetraders

GOLD is having a nice push up from the last lows and we can count 5 waves up now and label it as the blue wave 1. This means that Gold will have more upside but we need to see corrective set back in the three waves from this levels. Reversal is expected from 1.208/10 and we need to see first 5 waves fall in A to measure probable target and support for the C wave and in the same time blue wave 2.

GOLD, 1H

Author

Gregor Horvat

Wavetraders

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

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