Elliott Wave Analysis: Correction on Gold Points Higher!

Hello traders,

Gold is trading bullish, in a five-wave rise from end of April. We can see a recently completed leg 3 with five of its waves at the 1350 level, from where price started to drop sharply as seen on the chart. This drop can be part of three-wave correction, with possible support around the Fibonacci ratio of 38.2/50.0 (1320/1310 area).

If you like what I do, then you may check our services at www.ew-forecast.com. We also have an exclusive OFFER 50% Off on Forex and Crypto Markets.

Check it out, NOW.

Gold, 4h

gold, 4h