Gold (GC) Charts & morning Update
If GC can remain below the recent high at 1215.8 and continue lower then we are in the final Minuette Degree Wave (V) of Minor Degree Wave 2 down to the 1149 target level (See Daily Chart). Above 1221.3 then we are in the ALT Minuette Degree Wave (IV). I have shown the sub wave structure based on the idea that we are going to see higher levels in GC in the ALT 4 count before resuming lower.
Login or start your Free Trial to see the Day Trade Chart for Gold (GC) and access all of our in-depth charts, Elliott Wave setups, Fibonacci Levels, Hurst Cycles, and more including our Live Trading Room where you watch our screens as we trade live and show you the market direction in real time.