Apr 11, 2011

GOLD Elliott Wave Update

       There are few very likely targets for the next few weeks visible above. On the one hand the upwards proceeding resistance diagonal at 1505 and the next resistance at 1515 in April. Considering the weekly setup, I clearly can see that the main target at 1576 is coming into play.
       So, we’ll have to buy more gold in case of any significant  correction( buy the dip). 
The 1576 will be reached - maybe in 2012!


Good luck trading!

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