Gold held onto Tuesday's gains all day yesterday, before vaulting higher again after the release of the FOMC minutes showed that further economic stimulus had been discussed and is likely to be deployed unless there is a dramatic improvement in the US economy.
Gold has now broken through above the upper boundary of the Wave 4 triangle and it is now very likely that Wave 5 is underway. A couple of closes above 1655 will seal it.
Today's video looks at potential overhead resistance and our targets for the first impulse wave of this Wave 5 rally.
Gold has now broken through above the upper boundary of the Wave 4 triangle and it is now very likely that Wave 5 is underway. A couple of closes above 1655 will seal it.
Today's video looks at potential overhead resistance and our targets for the first impulse wave of this Wave 5 rally.