Gold forecast as of 10/27/2009

Gold –  Elliott shows yet again that the “Zig-Zag”(ZZ) up is done and market is in the process of new wave down. We need a little longer and deeper correction, to get clearer picture, what is actually going on.

GOLD5_091027_Blog

Zig-Zag is a three wave pattern, where 1st and 3nd wave is Impulse and the 2nd wave is corrective in nature.

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  1. Alexander7 — July 18, 2011 @ 1:49 pm

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