Image Source: Pixabay

Gold is moving nicely as expected already since June, when we mentioned and highlighted final 5th wave of C and strong support around 1900 level, from where we have seen a perfect rebound in July.

In today’s update we want to warn you about an impulsive price action away from 1900 support, where gold can be unfolding five waves up. So, after current wave 4 pullback, be aware of a continuation higher for wave 5 that can push the price even up to 2000 area.

(Click on image to enlarge)

We talked about supportive and bullish metals back on June 29.  

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