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best gold trading ideas

Gold appears to be in a sideways corrective phase after a strong impulse wave (see our Ghostsquawk course module on Elliott Wave Theory). Note that the Kovach OBV has flat-lined confirming the ranging behavior.

Currently, the price is right in the middle of the upper and lower bounds of the Kovach Reversals Indicator, suggesting it could go either way from here. Watch 1768, and 1759 from below, 1777 and 1780 from above.

Best Gold Chart ahh yeaah

Gold has completed an impulse wave and appears to be ranging in a sideways corrective wave.

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