Gold Targeting 1430, 1440
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Mar 01 2011
Wave (iii) has found the top around 1418 region in the past week from where prices moved lower, but only into a wave (iv). Wave (iv) is a corrective wave, which means that bulls should continue into a higher blue wave (v) in this week, since we are monitoring an impulsive continuation from 1308 lows! But meanwhile gold prices must stay above critical 1367 support, as we know that wave (iv) must never trade into a territory of a wave (i).
Next upside targets are at 1430 and 1440 regions!
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Gold 4h chart
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