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Commodity Trading Discussion Forum

Re: Gold-- *PIC*

Posted By: charleydan
Date: Friday, 3 July 2009, at 6:59 p.m.

In Response To: Re: Gold--nice bounce *PIC* (charleydan)

Gold is still working out an correction.

1.Is calling for retrace---fourth wave most likely.

2.Retrace here should send market into fifth wave. It can end in a failure wave(number 3 line?) or go to number 4 or 5 line. Being impulsive a trader can use the trend line to identify the five waves down for a better target and then use lines to help more precise.

After that the market should be ready to head for .618 @ 961.10

If you want to print this message, you might have better results, and waste less paper if you print this printer friendly page.

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