Gold In For More Gains

 | Oct 03, 2018 07:03AM ET

Gold made a nice and clear bounce yesterday, which is a confirmation that corrective wave B found a low at the Fibonacci ratio of 61.8 and that more gains may be in for the precious metal. We now see a completed correction and expect to see a new five-wave rally into wave C, which can target area near the 1230/1240 levels.