GOLD headed higher in wave 3 para TVC:GOLD por SolomonsView

elliottwaves cupandhandle elliotwaveanalysis cupandhandlepattern gold silver xauusd xagusd

Gold seems to have finished its downmove at the recent lows around 1690 levels. The move since then has traced out in 5 waves and is clearly impulsive. The one-two , one-two series of upmoves should accelerate into a wave 3 and head towards 1760 as its first stop before heading towards 1850s.

Silver is expected to follow same path.

#XAUUSD #XAGUSD

Michael @ SolomonsView

Twitter - @SolomonsView

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