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Market Analysis

Home » Gold » GOLD Has Downside Target Towards 1140

GOLD Has Downside Target Towards 1140

Posted by ewforecast in Gold - May 28th, 2015 2:08 pm GMT


GOLD 4h Elliott Wave Analysis

Gold is trading lower and made an overlap with that 1199 level which is an important bearish signature for metal as red wave c) now appears complete. If that is the case then the wave (b) rally from 1142 is down, so bears should take a control then, but we still want a break through the channel support line that will open the door for 1140.

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