Search ForexCrunch

Gold and silver are moving higher after another weak US data; weakest ISM non-manufacturing report in 3 years! We see them breaking to the high of the day, but it can be fifth wave moving into Elliott Wave channel resistance so market may start slowing down in the very near term, but only for a temporary set-back before bulls takes the price even higher.

GOLD, 1h

Check the VIDEO below for a more detailed analysis,

Trade well,

The EW-Forecast team