Gold heading down (Elliott Wave Analysis) 5th April 2017 onwards


In this article I have discussed the 2 possibilities that can play out in Gold (XAU USD).

Watch detailed video report :

The market is either moving as a Flat in the Wave C (Consider the Count in BLUE)
OR
It has already completed the Wave 2 correction as a double Zig Zag and is currently in the Wave 2 of the 3rd (Consider the count in RED ), in both cases it looks that we should see the market moving down atleast till :

1250-1247.85

region, from there on more possibilities should become clear.

If this market is moving as a Flat then we can see the levels of 1240 and 1226.

 

Gold Heading Down Elliott Wave Analysis 5th April 2017 onwards

Gold Heading Down Elliott Wave Analysis 5th April 2017 onwards

I will update further as this market proceeds.

 


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