Elliott Wave Gold: Decline Suggests Upside

 | Dec 17, 2018 10:56AM ET

Hello traders,

Due to a sharp reversal on US dollar, even gold turned sharply higher, so seems like Gold remains bullish after that three waves of decline. We are tracking wave »iv« that can sooner or later push the price into new highs for wave »v« towards 1260. Just keep in mind that this wave »iv« can be even more complex, so as long as it's trading above 1226 invalidation area, we will remain bullish.