Gold Spot / U.S. DollarUpdated Elliott wave analysis on Gold (2016-08-19)
Gold is in consolidation for many days. From Elliott wave analysis it might have a very quick wave C correction and then starts the next wave up.
Let's see how it will play!
Good luck for everyone!
Let's see how it will play!
Good luck for everyone!
Note
I do not recommend to trade this correction as well as oil. The long term trend is very very bullish. We can just buy cheap position during the correction.
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.