Gold High confidence Elliott Wave Analysis
- Dinesh. R
- Feb 28, 2016
- 1 min read
The Daily analysis Provides all the essential information that any trader needs,
the Black circled ones W,X,Y have been completed and the Y wave had meddled with 23.6 % R levels for the Y wave rally and after that meddling, the retracement has been initiated and primary wave within the retracement has been completed which accomplised .236 levels of y wave rally and the decline has receded due to the dynamic support and this resulted for the interim rally from 1193 to 1250 but the second leg is throttled to test previos support at swing low and then .382 % of fibo R levels and at this point all we can say is that the correction has not been completed .
No urge for any Buy Trades right now as per the analysis
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