Ouro/Dólar Americano
Viés de alta

Elliott Wave View: Gold Should Continue Higher

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Elliott Wave view in Gold suggests the pullback to $1276.64 ended wave 4. Internal of wave 4 unfolded as a zigzag Elliott Wave structure. Wave ((a)) of 4 ended at $1276, wave ((b)) of 4 ended at $1295, and wave ((c)) of 4 ended at $1276.64. Rally from there looks impulsive. Up from $1276.64, wave ((i)) ended at $1286.53, wave ((ii)) ended at $1276.59, wave ((iii)) ended at 1315, and wave ((iv)) ended at $1308.

The yellow metal can soon end wave ((v)) to end the cycle from 01/21/19 low. Afterwards, we expect a pullback to occur in 3-7 or 11 swings to correct the cycle from 01/21/19. Currently, the 1H right side is to the upside against 1276.75.

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