Gold Technical Analysis - Friday, Aug. 27

US Spot Gold now has an Impulse wave down from 1800 high, so Wave B or 2 is in play.

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  • US Spot Gold now has an Impulse wave down from 1800 high, so Wave B or 2 is in play.
  • Gold Technical Analysis: The move up off the low is Impulsive (five waves).
  • Elliott Wave Gold: Primary Wave 4).
  • Count1: Wave b) of 2  Count 2: Triangle;  Wave b) of B of (D) of 4).
  • Gold Trading Strategy: Neutral.
  • TradingLevels: Resistance 1800.

Video Length: 00:16:02

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