GOLD

Gold can be quite a very easy drawn EW on chart and the behavior seems to have very good corrleationship with EW.

Look at  the chart and it has formed a strong wave 1 to wave 3 since its up wave from end of july till it reached its peak at 1796  recently. Let's look at it with the chart as shown above. The completed wave 3 is actually forming a wave 4 which I believe is about to have its leg ending at either the 1715 (38.2%) level or the 1693 (50%). Indicators on the 4 hrs is still showing a divergence. Look for any time factor such as fibo/lucas number on the chart and coupled with a bullish candle stick this might prove a good turning point at either 38.2 or 50% level. But note that this wave five might be the last up wave for gold before having some major correction to the gold price movements.