Monday, July 11, 2016

Gold: A Video Update

The price of Gold fell last week after the NFP but didn't get to the targets we highlighted. There was a real move upside in the last 7 hours of the trading week but the volume of trade showed that the interest in the uptrend is weak and so price might still fall.

We have a good and viable alternative wave count in case of a higher move.

In the video below we showed the Volume-Price analysis that followed the terminating pattern, NFP and the aftermath of the NFP.
We believe that Gold is way over-bought and price may fall soon.

You might find it a good watch.

See you in the next update

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