According to the analysis, a short sell on the GOLD weekly chart is viable in order to verify the inverse head and shoulder pattern. Following that, the bull run trend will take hold. The Elliot wave patterns concise with the incomplete inverse head and shoulder which proves that the correction is inevitable.
評論:
As suggested by the incomplete head and shoulders pattern formation, there will be a short-term sell on GOLD which will act as a stimulus for a long term BULLISH TREND on GOLD . The complete formation of the Elliott wave pattern which confirms the inverse head and shoulders pattern signals the end of the bearish trend and the formation of the correctional wave (a-c) will trigger the bullish trend . Keep your eyes on the fundamentals.