Gold Elliott Wave Analysis - Monday, Sept. 6

US Spot Gold now has an Impulse wave up from the low, so in one way or another gold is bullish.

US Spot Gold Now has an Impulse wave up from the low, so in one way or another gold is bullish.

Gold, Ingots, Treasure, Bullion, Gold Bars, Wealth

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  • Gold Technical Analysis: The move up off the low is Impulsive (five waves).
  • Elliott Wave Gold: Primary Wave 4) in place.
  • Count1: Wave b) of 2  Count 2: Triangle;  Wave b) of B of (D) of 4).
  • Gold Trading Strategy:1830 as the tested support is the safe Risk-On Trade, that said we are currently long.
  • TradingLevels: Resistance 1830 the top of Sub-Group1. The 61.8% resistance is the 1820.

Video Length: 00:19:44

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