GOLD: Intraday View


Gold has been trading as expected, breaking above upper channel line, after the price completed a complex correction pattern at around 1241 level. Price will ideally now unfold in impulsive fashion, hopefully towards new highs around 1280 region.

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gold, 1h

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Gregor Horvat first made his name in Slovenia and has become world famous in the forex market since 2003. He is both a trader and a technical analyst who offers trading strategies on the Fibonacci and Elliot Wave principle. His main focus is on currency pairs, U.S. stock market, gold and oil. Gregor Horvat found the forex service offered on This website provides traders technical analysis, while putting emphasis on behavioral patterns. These are derived from the Elliott Wave Principle (EWP). Traders who are interested in the entry and exit positions, and he probability of the former and latter follow the EWP on a regular basis.