ISSN: 2056-3736 (Online Version) | 2056-3728 (Print Version)

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BULL SCENARIO

There is a strong support of 1162 Р1157. A new high above 1,180 would confirm an end to this downwards movement and the early stage of the next wave up.

GOLDUSD1

BEAR SCENARIO

This wave count follows the bear count which sees primary wave 5 within cycle wave a as incomplete. At 957 primary wave 5 would reach equality in length with primary wave 1.

GOLDUSD2

By Theodoros  Batsoulis
Technical Analyst
Risk Market
www.riskmarket.co.uk