General overview for 17/10/2014 13:30 CET
It is always a difficult task to correctly count the wave development inside of the triangle but this is as good as it gets: one more wave (v) green to the downside is needed to complete the whole impulsive structure in wave Y black of the big degree wave 4 blue. As long as the level of 1006 is not broken, a multi year high is still possible to be made on Gold.
1179 – 1183 – Key Support
1198 – WS1
1216 – Weekly Pivot
1248 – WR1
1266 – WR2
1273 – 1280 – Demand Breakthrough Zone
Short positions should be opened from the level of 1266 with SL above the level of 1281 and TP at the level of 1100 min.