GOLD BULLISH ACCUMULATION - 1H TF UPDATE
Gold / U.S. Dollar FOREXCOM:XAUUSD
Here's my current wave count update on Gold on an intra-day timeframe. Of the overall 'Major Wave 3' bullish wave, we've seen the completion of 'Minor Wave 1 & 2 (Yellow)' & now Minor Wave 3 of the Major Wave 3 is in effect, which is the strongest impulse wave in the 'EW Theory' strategy.
Going to look for Minor Wave 3 to top out somewhere roughly around the $4,400 zone, before minor corrections take place.