US Gold CFD Trading: 1695 Unless the SG2 1680 | 1672 become resistance then we have to consider the wave four corrective rally still in progress and a move above 1700 would confirm this. Wave fours are generally the more complicated patterns and they are not normally traded, the Wave iv) can be completed we simply cannot confirm it, but once it is completed new lows are expected, if the price climbs above 1700 then 1720 and 1730 are the targets and should complete around that area which is the wave four of the next smaller degree of wave structure and closer to the normal 38.2% retracement for wave iv)
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