GOLD: Eliot wave analysis on triangle pattern & retest strategy
Here is another strong and clear confirmation for GOLD Long. Technical indicators are more in the upward side after the rejection after retesting the uptrend of the local triangle pattern (It is a reccurence over the hole week as u see in the chart, and that reflects the buyers intention...)
SHORT-term analysis (1H time-frame) : GOLD seems to be ranging in the area of 1693 and 1698 waiting for volume to go up very horribly (That is always realized in the morning from 6AM GMT to 16PM GMT)
First Target: 1710 , once this résistance is broke the next level is 1720.