Isnin, 14 Jun 2010

Elliot Wave on Gold

Weekly Chart

A pullback and a strong breakout through lower red trend-line will boost a-b-c in yellow major counting. Otherwise we might see another bullish trend to complete unfinished 5.

Daily Chart

A valid double top chart pattern will bring a major reversal.

H4 Chart

Otherwise, we will see another bullish rally to complete the 5th major bullish wave before expecting major reversal.