Gold Elliott Wave, Silver Elliott Wave , 28 May
Gold XAU/USD & Silver XAG/USD Technical Analysis Elliott Wave Forecast
Overview: Above and below Gold's 1900 levels is the 50 - 62% retracement space, so expect gold to be in this range for a good few weeks. Silver will be the same at 28.00.
That said the Gold and Silver markets remain in their bullish trends with Gold's target above 2000 to 2300
Elliott Wave Gold: Expect more corrective pattern above and below 1900
Gold Trading Strategy: continue to build long positions, buying dips.
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Elliott degrees in order: Grand Super cycle wave, Super cycle wave, Cycle wave, Primary wave, Intermediate wave, Minor wave, Minute wave, Minuette wave and Subminuette wave.
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