Zenwave

GOLD Spot gold surged above $2000level in early Tuesday's trading, extending strong recovery from $1862 (12 Aug spike low). The yellow metal was boosted by fresh weakness of the US dollar and Monday's news that Warren Buffet's Berkshire Hathaway buying a stake in major gold miner Barrick Gold Corp.

USD index started trading below the lower triangle line, which indicates a completed Elliott wave triangle correction in wave 4), and a wave 5) of five to be underway. Possible support, and a bullish reversal zone can be at the 92.0/91.7 level. A later impulsive recovery, and breach above the 93.4 l

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