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Gold Futures Elliott Wave Options CFDs 12 April 2019

Gold Futures Elliott Wave Options CFDs 12 April 2019

Gold-Elliott-Wave-fu...

Gold Futures Elliott Wave Options CFDs 12 April 2019

Gold 1 Hour Chart
Friday, 12 April 2019 at 13:26 GMT

Gold made a perfect decline from ideal 61,8% Fibo. retracement and currently it remains under bearish pressure, so we can expect even more weakness towards new lows within a new five-wave cycle, just be aware of pullbacks. Invalidation level can be now moved to 1310.

gold1hr04-12

Gold 4 Hour Chart
Friday, 12 April 2019 at 07:11 GMT

GOLD is dropping sharply, giving us confirmation that a corrective A-B-C retracement is completed, and that a five-wave bearish move is in play. As such be aware of more weakness towards and below the 1280 level. That said, temporary pullbacks may also join current dwontrend, and wave 2 can be next, which can start at the 1288 level.

gold4hr04-12

 


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