THE POSSIBLE LATEST HIGH OF THE GOLD

Hello traders,


Thanks to the Elliott Waves analysis, I have discovered a BIG correction phase dating from the beginning of September 2011, and that we might be experiencing one of the last highs of the XAUUSD.

Even though I know we are in the situation of a war and that gold is taking a lot of value, i would say that it can be overvalued and therefore we could drop after attaining the 1985 dollar as a maximum objective and then drop HARD.

Additionally, next week will be the results of the Initial Jobless claim; Core CPI YY, NSA*; Core CPI MM, SA*; CPI MM, SA*; CPI YY, NSA*; and JOLTS Job Openings*.


Have a good weekend.
Elliott WaveGoldinflationWARWave AnalysisXAUUSDxauusdshort

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