Comex Gold: Wave 5 to extend

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 Comex Gold 4 hour chart


Analysis

Prices are moving in a higher highs and higher lows and has started moving higher. There are high chances for the yellow metal now to test its previous high of $2050 levels going ahead or can also move towards $2150 levels.

From Waves perspective, prices are moving p in an impulse pattern where wave i and wave iii are equal, thereby opening the possibility of wave v to extend which can go till 100% from 0-3 wave added to wave iv. The 100% comes to $2150 levels going ahead.

The summation is Comex Gold is positively poised and can move higher towards $2150 levels not immediately but gradually.

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