TheGoldmineFx

Will gold reach 1800?

Long
OANDA:XAUUSD   Gold Spot / U.S. Dollar
Gold structure proposes that we are nearing the end of this leg which has been impulse.

Wave 4 of the 5-wave impulse consists of key sub waves which Are also very impulsive. Then working backwards I noticed a lot more sub wave.

Moving on After a breather and bearish correction in wave 4 we have seen price moving up in wave 5. However, gold has not yet finished wave 5. So expect wave 5 to end up near 1805
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