Gold XAUUSD Weekly Update

Below 50DMA price might reach the bottom of wave A for ABC flat correction.

If 50DMA holds then alternative count kicks in and then sky is the limit.

Please notice that trend line has not been tested yet.

Seb

Source | Elliott Wave NYSE And Forex Blog | http://elliottfxtrader.blogspot.com/2012/11/gold-xauusd-weekly-update.html