Gold might be ready to head towards $1212/13

2018年10月8日Gold prices have stayed above $1192.50/94 levels until now as expected and discussed earlier. This price action is still keeping the impulse wave count possibility from $1160. As highlighted on the chart here, Gold might be close to terminating its wave 4 of a lower degree (please note prices should stay above $1192.50/94 levels), before it pushes higher towards $1212/13 levels in the short term. The completion of wave structure at $1212 levels could be the first proposed wave of one higher degree, towards $1250/70 levels going forward. The above wave count looks probable for now, but we would bring the alternate counts depending on further price action. For now, it could be a safe trading strategy to hold longs toward $1212 levels at least.


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