Monday, December 10, 2012

Gold Elliott Wave Count

This is what i am expecting further in gold.
Momentum have turned upside.
MACD is changing the direction upside.
There are two alternative count.
One in blue is a count for upside where wave II have completed with a expanded flat and Wave 3 is on its way.
Second in red shows a possibility of further correction in gold and can reverse from 1714-1722$.
Let price itself make the decision and wait n watch.
I am bullish on gold looking at MACD and momentum chart.

This is for education purpose please consult your adviser before investing.

Regards
Rinkesh jain



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