Special Technical Report on Gold
Jan 13, 2017 | 15:03 PM IST
Jan 13, 2017 | 15:03 PM IST
The weekly chart of Gold indicates that it is headed up and may have a chance of testing the earlier record high over 6-10 quarters.
The last fall from 1375 has extended which has eliminated the alternate of wave b down as it fell below 61.8% retracement, so now it is clear that the last fall is wave ii and the rise from 1045 is an impulse with the internals of i-ii-iii-iv-v.
Earlier (when Gold was trading around 1100) we gave the targets of 1350 1450 in which 1st target was attained. We had recommended long term investors to start buying after 1210 was tested. Traders who bought have felt some pain as it went down till 1123 but now they are safe. Read More>>
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