GOLD

This is one of the elliot wave counts and patterns that I am following in Gold. May be this is a good risk-reward opportunity to go long on gold, considering that the US Dollar is at very high levels and (in my humble opinion) finishing the last impulse (wave 5).

Weekly chart:

Daily Chart:

GOLD in Euro

In this chart I want to notice something estrange that happen between 2008 & 2010 regarding gold.
If we measure gold in euro, and then compare it against US dollar, we find that both were good investments...but... I used to think that gold and US dolar move in opposites directions...