Golden Price Today
In our previous Gold Market Review we have decided that the bullish move on Weekly chart is the 4th correction wave. However, the time has shown that it is the new A wave of the new bullish up trend as its recent high on Awesome Oscillator (AOx1) has already beaten the previous high of B correction in July 2012.
What does it mean?
It means that we are going to have the bullish A wave on Weekly chart in progress to be followed by some correction B and then the final impulse C wave on Weekly.