financialmarketsalgorithms
Short

GOLD-Short on completion of Wave 5

TVC:GOLD   GOLD (US$/OZ)
83 3 1
Gold             has completed a wave 5 on 4 hr             chart near 1234 levels and could be headed for a correction.
not good analysis
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@rupambose32, Could you explain on what basis. Standard Elliot wave analysis is what is used here.
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rupambose32 TOP financialmarketsalgorithms
@financialmarketsalgorithms, your e.w analysis is right and but in macd there is no divergence
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