Elliott wave analysis on Gold (2016-08-07)

Gold had a nice rebounding wave B in last couple of days which we traded (see chart below). Then it got a sharp decline last Friday.

From elliott wave anslysis the wave C down is ongoing now. It might bring gold to around 1280 which is the bottom of a large rising channel and PRZ of a Gartley pattern.

Good luck for everyone!

Trade ist aktiv