Wednesday, 22 June 2016

GOLD Completing Its Three Wave Recovery, 1260 Possible Turning Point

Gold made a nice pullback from the highs as expected and we are now looking for reversal signs as this corrective A-B-C may already be over. This corrective structure from the highs can be potentially completing here at 1.260. If we start to move up in impulsive manner we should reach a new high on this metal. As we know after every corrective pullback, a new impulsive structure tends to start.




Source: Actionforex

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