Elliott Wave 5.0 "Reboot"

Wednesday, April 6, 2016

Gold Intraday Review: Pushing The Limits



I have pushed every impulse wave count to the maximum at this time and gold would have to perform and give us a sign that a bullish phase is still near.  I have two sets of 1-2 wave counts, but I can work them as zigzags just as easily. 

On the weekend I will review the bigger picture again as this is all starting to look like a diagonal decline where gold can crumble at hit another lower low.  This could happen as soon as gold falls below the $1215 price level, which is only $6-$7 away.