Gold Wave Analysis: Corrective Rally
Gregor Horvat | Oct 16, 2014 05:22AM ET
Gold is at new highs, now reaching levels above 1241 resistance which means that wave 4 is becoming larger and more complex than thought. However, despite a solid recovery we see move from the lows as a corrective retracement that can turn south very soon. We will keep an eye on next strong sell-off in impulsive shape through 1219 before we can start to look on the downside again.
GOLD 4h Elliott Wave Analysis
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