Gold Spot / U.S. DollarUpdated Elliott wave analysis on Gold (2016-06-19)
It seems that Gold was in a expanding triangle correction. After that it starts the fifth wave up. The target for wave 5 after the expanding triangle is the upper border line. It seems that gold will finish the fifth wave up soon.
I will wait the confirmation of breaking the support line and open short position. The first target is around 1234~1244.
Good luck for everyone!
I will wait the confirmation of breaking the support line and open short position. The first target is around 1234~1244.
Good luck for everyone!
Note
Cool! It breaks!Note
Nice move. It is going to touch the target!
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