Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

GOLD Faces Resistance: Elliott Wave Forecast

|Includes:Randgold Resources Limited (GOLD)

GOLD prices are reversing nicely to the downside after recent move up to 1380-1400 Fibonacci resistance area where we see a completed wave v). An reversal from the high is looking sharp so we suspect it's part of minimum three wave decline. With that said, we expect a continuation down to 1330/1337 area in this week.

GOLD 4h Elliott Wave Analysis

Written by

14 days trial just for 1€ >>

Stocks: GOLD