GOLD could make a final dip

posted by genuinelyFX at 07/06/2015 - 18:24 GMT

Gold is moving sideways since March this year. No positive reaction to Greece’s trouble yet. A final fifth wave could be needed before we start climbing again. Support bellow 1100 level, maybe into 1050. But before that we need to break support at 1150.

©genuinelyFX_2015.07.06_gold_weekly_elliott
GOLD weekly data

 

We had a similar move in August last year. We could get a plunge next.

©genuinelyFX_2015.07.06_gold_daily_fractal
GOLD daily data

 

Trade safe!

~genuinelyFX

 

 

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