Gold Price Analysis : Recaptures $1700

Gold Analysis :


As discussed, 

Gold is forming WXY pattern and Low 1660 is the end of Y wave as shown in chart.

Gold 15 Min Wave analysis
Gold 15 Min Wave analysis 

Gold has completed WXY Pattern started from 1747 to 1659.

If we forecast new impulse wave started from 1659 as seen on chart then we are in a 3rd Sub wave of 3rd wave.

So this 3rd sub-wave Target is 1715 & after correction Higher degree 3rd wave Target is 1730.

New Impulse wave zoom chart as below:

Gold 5 Min Elliott wave
Gold 5 Min Elliott wave 
  

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