Elliott Wave 5.0 "Reboot"

Monday, January 18, 2016

S&P/ASX All Ordinaries Gold Index XGD Review

I know very little about this index except that it may be gold stock related. The reason I posted it is because since late 2014 it looks like this  XGD is in a very well formed impulse. I sure would not fault anyone for starting an impulse wave count, but it still needs confirming. It may take 2016 to confirm but a sharp crash below 2014 price levels would surely kill this great looking impulse.