Possible Elliott Wave Count - XAUUSD
Gold is breaking out of multiyear consolidation and as per my analysis , the current move could be either wave C or wave 5 of the higher degree. If the move is wave C then Gold will rally towards 1600 before falling again towards 1000, but if the move is wave 5 then we could see a major rally which will take Gold above 2000. Either way the immediate direction is up. The last time FED started easing Gold rallied from 690 towards 1900 so the upside potential is huge.
Please consult your financial advisers before taking any decisions.
Good Luck !!!
Please consult your financial advisers before taking any decisions.
Good Luck !!!
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