financialmarketsalgorithms

GOLD-Short on completion of Wave 5

Short
TVC:GOLD   CFDs on Gold (US$ / OZ)
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1
Gold has completed a wave 5 on 4 hr chart near 1234 levels and could be headed for a correction.

Comments

not good analysis
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financialmarketsalgorithms dr_professor_nifty
@dr_professor_nifty, Could you explain on what basis. Standard Elliot wave analysis is what is used here.
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dr_professor_nifty financialmarketsalgorithms
@financialmarketsalgorithms, your e.w analysis is right and but in macd there is no divergence
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