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Gold - Weekly Update

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Emas / Dollar A.S. (FX_IDC:XAUUSD)  
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FX_IDC:XAUUSD   Emas / Dollar A.S.
Trend Analysis Wave Analysis Beyond Technical Analysis Gold goldtrading goldidea goldshort goldanalysis xauusdshort xauusdanalysis xauusdsignal xauusdsell
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Gold - Weekly

Gold: Expanded flat - Correction in progress

Bottom Line: Gold may remain within its correction up. Gold remains up in wave C of (Y) towards the 2200.00 area.
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Gold - Daily

Bottom Line: Gold may correct lower in a fourth wave.

snapshot

Gold may fall lower in wave iv (circled) developing as a triple zigzag. There is a chance the low will form soon, but could take several more days. Price would have to rise above 1920.00 to seriously consider the potential of a bottom being in place.
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Market Myth - Gold and Inflation
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