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Gold Headed Below 1680 Next Week

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Mar 02 0212

Gold fell impulsively from 1791 highs, which means that top is in place, most likely of a wave 5) of (1) as labeled on the chart. So if the larger impulse is fished, then we know that market is now in a corrective pull-back, which must be structured minimum by three legs. So ideally, makret now made wave A) from a top and wave B) and C) lie ahead.



For more detailed analysis on gold please see the video below which also includes Euro, Aussie, Oil, dollar index and S&P500

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