As per the count presented on the chart it seems highly likely that Gold is getting ready to head higher.
It seems that the current corrective leg down can take support in the 1255-1245 region and then the bullish Wave 3 can start, however if the market trades below 1245 and takes 1255-1245 as resistance then it is possible then we might be in some kind of complex Wave 2 correction.
To know upside targets and a more detailed analysis you can check my previous articles.
My current bias is bullish, I will update further as this market progresses.
It seems that the current corrective leg down can take support in the 1255-1245 region and then the bullish Wave 3 can start, however if the market trades below 1245 and takes 1255-1245 as resistance then it is possible then we might be in some kind of complex Wave 2 correction.
To know upside targets and a more detailed analysis you can check my previous articles.
My current bias is bullish, I will update further as this market progresses.
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Author : Think with the Markets
Video Course : 50eyes.com/elliott-wave-course
Author : Think with the Markets
