GOLD: ELLIOTT WAVE ANALYSIS - WEEKLY CHART
Hello Traders,
Welcome to my post, I'm happy to share you my current view on Gold. We're currently in the process of completing the fifth primary impulse wave. My final target for Gold is around $1860.
Fundamentally the price of Gold should continue to move higher as historically it works great as a hedge against inflation when central banks are increasing the money supply. In this case, QE infinity.
Feel free to comment, PM & share ideas.
Cheers to many pips!
Welcome to my post, I'm happy to share you my current view on Gold. We're currently in the process of completing the fifth primary impulse wave. My final target for Gold is around $1860.
Fundamentally the price of Gold should continue to move higher as historically it works great as a hedge against inflation when central banks are increasing the money supply. In this case, QE infinity.
Feel free to comment, PM & share ideas.
Cheers to many pips!
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.