Gold (XAUUSD) faced an impulsive rally into new all-time highs recently and just 3 days back we mentioned and highlighted about an ongoing bullish impulse in the 4-hour chart. We warned our members about a corrective pullback in wave (4) with ideal support around 2150, which was also previous all-time highs level.
As you can see, gold bounced perfectly from projected support and it has nicely extended within wave (5), which is actually final leg before a higher degree correction shows up, thus be aware of a slow down.
On the date of publication, Gregor Horvat did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy here.
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