GOLD: weekly wave analysis

Roman Petuchov

Weekly. The market keeps on constructing the final phase of the corrective wave [4] that is a simple zigzag. Let's see the markup in details.

Daily. After the end of the IV triangle the market started formig a new descending impulse V. Development of the rising correction [4] was completed. In the near term we'll see a decline in a bearish impulse [5].

H4. Waves (1) and (2) are now complete. On the new week the market will likely decline in a wave (3). Think about selling GOLD.

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