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Gold Spot / U.S. Dollar
Short

Gold - Weekly Update

By ferGOD
Updated
Gold - Weekly

Gold: Expanded flat - Correction in progress

Bottom Line: Gold may remain within its correction up. Gold remains up in wave C of (Y) towards the 2200.00 area.
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Gold - Daily

Bottom Line: Gold may correct lower in a fourth wave.

snapshot

Gold may fall lower in wave iv (circled) developing as a triple zigzag. There is a chance the low will form soon, but could take several more days. Price would have to rise above 1920.00 to seriously consider the potential of a bottom being in place.
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Market Myth - Gold and Inflation
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ferGOD

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