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Gold: Elliottwave structure is showing incomplete sequence to the upside

Discussion in 'Forex Trading Signals & Forecasts' started by Sandra S., Jan 26, 2016.

  1. Sandra S.

    Sandra S. Forum Member

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    Rally from wave X at 107.31 is in 5 swing which suggests an incomplete sequence and likely need further upside in 7 swing. The rally from 107.31 is unfolding in a double three where wave (w) ends at 1109.6, wave (x) ends at 1092.29, and wave (y) is currently in progress. Internal of wave (y) is also unfolding as a double three where wave (w) is proposed complete at 1113.76, and wave (x) pullback is now expected to stay above 1092.29, but more importantly above 1071.31, for continuation higher

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