Gold Wave C target intact towards $1250/70

٢١ نوفمبر ٢٠١٨The counter trend rally that began from $1160 levels in Gold is probably progressing in Wave C since forming lows at $1195/96 levels. On the 4H chart presented today, we have changed the counts to fit the most probable outcome, most like a combination could be in the making. Initial 3 wave rally seems to be a probable zigzag between $1160 and $1245, labelled as A. The subsequent corrective drop towards $1195/96 could be Wave B and Wave C could ideally terminate above $1245, going forward. If the above count presented should hold true, prices should ideally stay above $1195/96 levels and should push through $1250/70 levels in the following weeks. Overall, medium term bullish scenario remains intact above $1195/96 levels.


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