Gold keeps pushing higher, but short term it looks quite overdone now. We can see a clear five wave rally since 1,609.99, which should limit further upside progress in the short term, but it's still only a break below 1,599.30 will calls for a top in place, while a break below 1,581 is needed to confirm the top.Wednesday, August 3, 2011
Gold - keep pushing to upside, but...
Gold keeps pushing higher, but short term it looks quite overdone now. We can see a clear five wave rally since 1,609.99, which should limit further upside progress in the short term, but it's still only a break below 1,599.30 will calls for a top in place, while a break below 1,581 is needed to confirm the top.
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