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GOLD Elliott Wave Analysis: Complex Recovery

|Includes:Randgold Resources Limited (GOLD)

On gold we are tracking an incomplete complex corrective recovery from 1181 which can be a double zigzag. If that is the case then gold should make another higher, in 1280-1300 to complete a second zigzag. Only a break of 1230 will suggest that top is already in place. In such case we will turn directly bearish on gold for possible move back to 1181.

GOLD 4h Elliott Wave Analysis

Written by www.ew-forecast.com

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Stocks: GOLD