Gold Weekly 2000 - 2012 - 5*

Thursday, September 6, 2012

Gold ~ Update ~ 6 September 2012

Potential Elliott wave count for gold:

Wave V to new highs seems to be underway. As long as 1630/40 holds, this count (wave V underway) looks good.

GOLD Chart update

• Gold has given a weekly cloud breakout.
• Gold avoided a bearish weekly candle on chart
• Next resistance levels are near 1787 and  1802
• Two resistance levels 1787 and 1802 are near the golden ratio as shown in the last chart.