Hi Traders,
Gold (now at 1333) topped at 1336.82 and missed my target at 1337.3 by a whisker. After a limited retracement - theoretically, to 1322 or 1312 - it should resume the uptrend to 1532 or 1628.
ELLIOTT WAVES
The monthly chart suggests that Gold is performing an a-b-c to 1532. The weekly chart display a set of possible targets:
- 1337
- 1433
- 1532 (my favourite)
- 1628.
The 4-hour chart shows that Gold just started a wave extension. The 1-hour chart displays the targets at 1322 and 1312.
Monthly Chart, click to enlarge
Weekly Chart, click to enlarge
Daily Chart, click to enlarge
4-hour Chart, click to enlarge
1-hour Chart, click to enlarge
Gold (now at 1333) topped at 1336.82 and missed my target at 1337.3 by a whisker. After a limited retracement - theoretically, to 1322 or 1312 - it should resume the uptrend to 1532 or 1628.
ELLIOTT WAVES
The monthly chart suggests that Gold is performing an a-b-c to 1532. The weekly chart display a set of possible targets:
- 1337
- 1433
- 1532 (my favourite)
- 1628.
The 4-hour chart shows that Gold just started a wave extension. The 1-hour chart displays the targets at 1322 and 1312.
Monthly Chart, click to enlarge
Weekly Chart, click to enlarge
Daily Chart, click to enlarge
4-hour Chart, click to enlarge
1-hour Chart, click to enlarge
