GOLD/USD excellent long-term opportunity fürTVC:GOLD von BitzGvng

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trendanalysis indicator waveanalysis long gold elliottwaves hedge

Has completed 5 Elliot waves and then retraced exactly to .618 Fib line (which also happens to be support - tested twice). Coupled with the oversold Stoch RSI indicator, GOLD could definitely be poised to rise, and perhaps test resistance once again, within the few months.

I do agree. I am trading silver based on the same analysis.BUT! We need to have a rapid movement upward or we are going down!

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SlaviToskov

@SlaviToskov, looks like a bounce could be imminent

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