Can we do an Elliott Wave analysis of Gold expressed in Euros? Sure. Maybe it will give us some clarity about the GOLD/USD picture ( or perhaps it will confuse us some more!)
Elliott wave analysis of GOLD/EUR or the price of Gold expressed in Euros suggests that we will probably continue higher until we reach 1200 levels. Take a look at the attached weekly chart of Gold/Euro and you will understand why I think this is likely.
