Weekly analytics- Elliott waves analysis – Weekly Review

Gold Weekly Review

 

Wave Analysis:

During the previous week, Gold attempted a break below the level 1685.77 but ended up again above it. As long as the price remains above this zone, I expect nothing but a possible momentum to the upperside. The anticipated bullish price rally is the continuation of a bullish wave count and    should see the price head straight towards 2067 and will continue much higher.

Trade Recommendations

We’re looking for low risk buy positions towards 2067.