FractalTrader

gold finally ready to resume uptrend

Long
AMEX:GLD   SPDR Gold Trust
My initial target for a 4th wave correction was below 114.62, but the flat correction that has been unfolding since the 2/11 high of 120.94 appears to be nearly complete.

Gold is a commodity, so the 5th wave should be strong, if not the strongest of the 5 waves in the impulse.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.