GOLD Elliot Waves Analysis
The day will most likely close with a bearish engulfing candle. A possible sign and confirmation for a bearish correction move (corrective impulse) back toward an important support area.
Should price break that support, we could se the major corrective wave (III) form throughout all of next week and possibly the week after that; depending on how fast the market falls (if it indeed falls).
The areas are illustrated as simple and clear as possible.
Best of luck!
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Should price break that support, we could se the major corrective wave (III) form throughout all of next week and possibly the week after that; depending on how fast the market falls (if it indeed falls).
The areas are illustrated as simple and clear as possible.
Best of luck!
Follow, like and comment :D
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