Short term gold trading

١٧ مايو ٢٠١٥

The current gold wave is a 3rd wave (actually e.2.(c) of V) at it's 4th sub-wave, which is expected to end around 1210. If the yield characteristics are similar to those of the November-January rise, then the target is probably 1274, which also coincides with the long term pressure line.

PS: I dedicate this analysis to all my fellow traders in the GOLD chat room section, who present on a regular basis excellent ideas for trading.