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#GOLD #XAUUSD heading to new high from a Triangle consolidation

Long
CFDs on Gold (US$ / OZ) (TVC:GOLD)  
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TVC:GOLD   CFDs on Gold (US$ / OZ)
Elliott Wave Triangle Gold XAUUSD Silver traingle newhigh
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elliottwaves triangle gold xauusd silver traingle newhigh
Gold may have completed a yearlong triangle consolidation and has broken upwards. It is now in its 2nd day outside of a downward sloping trendline. Wave e is around 1721, with this as a stop we should expect a rally to new highs. Silver is already showing strength as discussed in the earlier post. Gold may be joining the upmove now.
Michael @ SolomonsView

Twitter - @SolomonsView

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