Gold Futures Elliott Wave Options CFDs 24 October 2019
Gold 1 Hour Chart
Friday, 11 October 2019 at 08:26 GMT
Gold is also moving higher after possible completed flat correction, so it will be interesting to see what happens at 1520 area; will this lead to a strong break higher, or a reversal if stocks will continue to stay in bullish mode.
Gold 4 Hour Chart
Thursday, 24 October 2019 at 06:52GMT
Gold made a nice three leg of retracement from September high that we see it as wave four so sooner or later uptrend may resume. However, because of risk-on mode and higher stocks, metals may not be bullish yet, but it would be interesting to look back up to 1550 maybe even 1580 once the channel resistance line is taken out.
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Elliott degrees in order: Grand Super cycle wave, Super cycle wave, Cycle wave, Primary wave, Intermediate wave, Minor wave, Minute wave, Minuette wave and Subminuette wave.
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