Commodity bears crawling out?

Elliott Wave Forecast


On gold (COMEX:GCU14) we are tracking a big triangle placed in wave 4) for a while now which is still incomplete.

Recently we have seen a completed wave D at 1240 so now we will focus on another three wave move, this time up in wave E that can retrace even up to 1350 zone where we will be looking for a bearish reversal signs.

Gold Daily Elliott Wave Analysis






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About the Author

Gregor Horvat, based in Slovenia, has been in the forex markets since 2003. He is a technical analyst and individual trader who has worked for Capital Forex Group and He also is founder of forex services on provides technical analysis of the financial markets, highlighting behavioral patterns based on the Elliott Wave Principle (EWP). Website:

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