Gold Trading Sharply Higher
Gregor Horvat | Feb 05, 2016 04:33AM ET
Gold is trading sharply higher, but despite a nice bullish run for the last two weeks we think that upside can be limited in sessions ahead. An updated count shows five waves up from 1071, currently with price in wave 5 that is in final stages so traders have to be aware of a turn down from near-term levels. From confirmation point of view we will need a five wave fall back to 1122.
GOLD, 4H
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