Gold blow past the top of wave 3

 

Gold blow past the top of wave 3 and wave 5 is in progress. The amazing bullish sentiment make the correction very short. The gold is still bullish and they may still be some upside for the gold.

By The Backyard Burner

Gold maybe in correction of wave 4

 

Gold maybe in the correction of wave 4 after making a significant rally to cross above 1500. This may be a good chance to load up on gold for more upside. The first support will be the 1475 level and the main support will be at 1450 level. However, the support may not be reach due to the amazing bullish sentiment. Well, just set the entry and let the market do the job.  

By The Backyard Burner

Gold maybe in final correction before going up again

 

Gold maybe in final correction before going up again. The target this time is 1500 at the minimum. Gold had been retracing after hitting the trendline resistance. Price rebound from the 100MA and now testing the 21MA. 

 

Gold price in daily show a minor bullish candle. Gold still got a lot of room to go up. Targetting price above 1500.

By The Backyard Burner

Gold going up fast!

 

After correcting to the trendline, gold rebound strongly and now aiming for the upper side of the trendline. There may be another correction before going up to new high of possibly 1500. Like I said last time, all correction is a buy opportunities.

 

  

Gold is going up fast after breaking the all time high. However beware for a pull back to test back the high of 1447. The main support is at 1440. 

By The Backyard Burner