Update the elliott wave count for Gold (2017-01-05)

Jan 5, 2017

The current uptrend for gold is more likely a new impulsive wave. We can compare it with usoil which had a similar structure before (in 4h time frame). A leading decline triangle and then a quick drop. Following the quick drop is a rapid rising.

Good luck for everyone!

Jan 17, 2017

Note

Nice bull! It goes as expected. It goes in the same way as oil structure before.

Jan 24, 2017

Trade closed: target reached

I closed my longs gradually as it is coming to a supply zone. The dxy might pop here. I will wait for the pull back and prepare to buy again. It should go higher in long term.