Gold weekly Review
Wave Analysis:
Wave Analysis:
Wave Analysis:
During the past trading week ending 19th May 2017,Standard & Poor's 500 Index dropped drastically but could not break below 2346.81, we expect this drop to be a mere correction of the impulsive wave (5) that the current upward rally is the continuation of the impulsive wave (5) to the upper side but should not go beyond 2500. This view can only be rendered futile in case the price end up below 2346.81, if this is the case, then an acceleration to the lower side is inevitable. Trade this American Stock alongside various US Dollar pairs.