Gold continues to consolidate between $1220/30

23 ต.ค. 2018Gold structure remains in consolidation for now leaving less room to discuss the probable wave counts. We maintain the medium term bullish outlook towards $1250/70 levels for now. It remains to be seen whether the yellow metal reverses from current levels or from $1213/16 levels, going forward. To refresh the existing wave structure, please note that we can probably count waves A and B (a complex combination), between $1160 and $1180 levels respectively. Please note that probability of Wave C remains until prices stay above $1180 levels going forward. Only a break below $1180 levels would require us to re-structure the above counts.


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