ASAMForex

MARKET OUTLOOK ON GOLD

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SAXO:XAUUSD   Ouro/Dólar Americano
Here is my outlook on GOLD for the coming week (Sept 20th to 24th and on). The current position of the market suggests the completion of the corrective move in wave number II of the the third wave of the first wave of the fifth wave.

Market is expected to turn from the current position or may have little bit fall before moving up. The expected upward move is expected to be very strong as it is the third wave of the fifth wave.

We have to be patient waiting for the market to show us confirmations of the upward move.

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