Wednesday, September 11, 2013

Elliott wave analysis of Gold - Gold is on the edge!

 Gold Weekly
Gold 8 Hourly
 
 
 
Gold
 
Is on the edge!
 
If gold moves just a Little lower  we have not alone broken below the minor uptrend-line from 1,180.20, but it will also trigger a Shoulder/Head/Shoulder top-formation calling for the next powerful decline to 1,180.20 and lower towards 1,148 and possibly even lower to 1,080 before the next correction sets in. 


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