Gold Spot / U.S. Dollar
Long
Updated

GOLD correction first and then up again

1 061
Expect Gold to correct here downwards next week, if you are in the buy move your stops and wait for the correction downwards before any more buys. Gold has more up to go in this wave.

Now, after experimenting all the technical analysis techniques over the past 8+ years, i.e. Dow theory, Elliott wave theory, Advanced patterns, Harmonic patterns , Support & Resistance , Chart patterns and Indicators.These methods might be working for so many people but we came to the conclusion that only "Wave Analysis" is powerful enough to make us consistent profitable forex traders.

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What we are sharing here is only our point of view on what could be the next move in the "Forex market" based on Wave Analysis and not signals...

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