Elliott wave analysis on Gold (2016-08-19)

Gold is in consolidation for many days. From Elliott wave analysis it might have a very quick wave C correction and then starts the next wave up.

Let's see how it will play!

Good luck for everyone!

Kommentar:

I do not recommend to trade this correction as well as oil. The long term trend is very very bullish. We can just buy cheap position during the correction.