Gold Intra-day: Prices Targeting 1680
Aug 04 2011
On gold we are looking at the updated wave count that shows incomplete structure in wave (v). We know that wave five is a motive wave, which means it must be structured by five smaller waves. Well, a recent rise from 1616 is very strong, shows personality of a sub-wave three since prices broke through the upper base channel resistance line. In fact, a slow price action around the top looks corrective, so its likely a wave iv) with another push higher yet to come, which will be a fifth wave, targeting 1680.
Do you like analysis you see here? Check our full service package here. Price: just 45€ per month or 110€ per 3-months.
New York time: 00:00:00
Local time: 00:00:00
©2010 - 2018 ew-forecast.comDesign: VOBI