GOLD on target

Hi Traders,

GOLD - now at 1248 - is on its way to 1408-1411.


ELLIOTT WAVES:

The daily chart shows that intermediate wave 3 (up) is on its way. The 4-hour chart displays Minor wave 1 and 2. Minor wave 3 should take it to 1307.


TARGETS:

likely: 1307 and 1335
possibly: 1408-1411
maybe: area 1469-1474

NOTE:

The weekly charts displays a further target in the area 1525-1536. At present,  it's still a feasible target.

weekly chart - click to enlarge

daily chart - click to enlarge

wave oscillator applied to the daily chart - click to enlarge

4-hour chart - click to enlarge

wave oscillator applied to the 4-hour chart - click to enlarge

1-hour chart - click to enlarge

wave oscillator applied to the 1-hour chart - click to enlarge