Elliott Wave 5.0 "Reboot"

Thursday, June 4, 2015

Gold Intraday Crash Review: Will it Ever Stop?

Gold is getting close to my $1170 price target but if this entire wave structure you see is a 4th wave then gold will still go much lower. In other words the $1145 price level should get exceeded. The Fed is playing games with rate increases which gold does not like. This has all been going on for months already so it is nothing new.   This entire structure  can also be an "ABC" wave in a 5th wave diagonal which means that we could eventually run out of this bearish phase. 

I would like to thank the blog Elliott Wave gold as Elliott Wave Gold | Home of GOLD Technical Analysis by Lara brought In many pages read above anything I have ever seen. In total 1444 page have been read to day which was triple the normal I usually get. 

Anyway a big thanks from "BB"