RaffaeleL

Gold hits 1895 by Mid-August

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Hey Guys,

according to my Elliot-Wave Count Gold is in a bullish Cycle. I'm confident that Wave 2's correction is over since every possible Parameter in Time and Length of each wave fits perfectly with my Bias. Therefore I doubt we will see the 179x Zone again or any more deeper downside. I engaged my Long at 1793. If we are in inner wave 1 now we should see a lot of buying pressure within the next sessions.

Let me know what you think!
Raffa
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