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Thursday, January 23, 2014

Gold - Trading within a major triangle.

Gold

We have seen the resistance line from 1,433.73 protect the upside. I'm still looking for an ultimate break above this line and more importantly a break above resistance at 1,268, which confirms a rally higher towards 1,362 in wave c of a possible triangle, that have been developing since the 1,180 low in late June 2012.
Short term look for strong support near 1,218.

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3 comments:

  1. AppellJanuary 23, 2014 at 2:12 PM

    Hello EWS,
    here again my question from yesterday:

    "Paulina MeierJanuary 22, 2014 at 2:46 PM

    Hi EWS,
    would be possible an update for GBP / USD and GBP / CAD.
    Thanks in advance"

    ReplyDelete
    Replies
    1. Elliott wave surferJanuary 24, 2014 at 11:51 AM

      Hi Paulina,

      I have updated my view on both crosses on the blog.

      Kind regards
      EWS

      Delete
  2. UnknownJanuary 24, 2014 at 7:53 AM

    Hi EWS,
    its been very long since you updated your view on copper.
    Kindly do it.
    Thanks

    ReplyDelete

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