Gold hit a high of 1677 yesterday before selling off slightly in thin trading due to a public holiday in the UK.
This morning, gold has continued to drift lower and found support at the 23.6% Fib retracement of the rally from 1590.
We expect the rally to resume after this short correction, with our initial targets 1680 and 1700. However longer term we expect new all time highs from this Wave 5 rally.
This morning, gold has continued to drift lower and found support at the 23.6% Fib retracement of the rally from 1590.
We expect the rally to resume after this short correction, with our initial targets 1680 and 1700. However longer term we expect new all time highs from this Wave 5 rally.