Gold a rally seems likely (Elliott Wave Analysis)

2017年3月2日

In the previous post I discussed how both the main and the alternate counts were referring to the same fact that a rally in Gold was possible.

Here I have discussed the same count on hourly time frame and it seems that we are in the 3rd or the 3rd of the 3rd as per this count.

I have given the hypothetical wave progression along with the Invalidation mark which is present at 1225, if market goes below that mark I will redo the count and look at the alternate possibilities.

As of now new longs can be added on break above 1265.

You can view my last posted analysis for clear targets for the 3rd leg.