Gold waits for signs of falling after Elliott wave
Gold prices struggled to capitalize on its modest intraday gains and attracted some selling near the $1980 region during the early European session on Wednesday.
Today, I still expect Gold to break out of the 1978$ price zone and move further to the 1985 and 1995 short term targets.
If everything goes as expected, Gold has almost completed wave 4 Elliott and wave 5 falling to the 1940 price zone is about to form.
I am waiting for Gold to return to retest the price zone around 1965$. And a Breakout buy order is waiting for an entry signal.
Short term selling can be established above 1985$ and 1995$.
Traders, what's your opinion?
Today, I still expect Gold to break out of the 1978$ price zone and move further to the 1985 and 1995 short term targets.
If everything goes as expected, Gold has almost completed wave 4 Elliott and wave 5 falling to the 1940 price zone is about to form.
I am waiting for Gold to return to retest the price zone around 1965$. And a Breakout buy order is waiting for an entry signal.
Short term selling can be established above 1985$ and 1995$.
Traders, what's your opinion?
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