AbhishekHSinghCMT
Long

GOLD- Looking for New High above 1377$

COMEX:GC1!   Gold Futures
225 3 7
It's a corrective W-X-Y             Pattern where Y-Wave completes 161.8% of W-Wave in the zone 1335-1340$. We need market confirmation which can be looked as buying opportunity going beyond U.S. Elections & Above 1377$ which will be my initial target zone going ahead.

Trading Strategy
We should wait to see some buyers coming into the zone 1335-1340- once confirmed-prices hold the zone of 1335-1340$ then yes it could be better considered as demand zone .

Regards,
Abhishek             H. Singh, CMT            
Comment: 23:06 Hrs 9th Oct2016

Typing Mistake- Zones mentioned above are 1235-1240$ zone instead of 1335-1340$ zone.
Trade active: 10:29 Hrs 10th Oct2016

Gold Opens Gap Up Trading@1265$ -we want this candle to sustain
Trade active: 18:52 Hrs 12th Oct2016

Trading@1257$

Going above 1260$- it will leave tripple correction backside & shall travel 161.8% of the wave -((i)) from 1243$ -which comes to 1289-1290$ range.

snapshot
Best Regards,
Abhishek H. Singh, CMT
India Regional Manager
http://in.tradingview.com
| LinkedIn
India Markets-BSE, NSE chat room- https://in.tradingview.com/chat/#b4sFOMIVqPkq8gfQ
"We should wait to see some buyers coming into the zone 1335-1340- "

Now 1251...?
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sorry for big typo mistake - you should understand the zone -I have drawn at 1235-1240$ but by mistake written as 1335-1340$ zone- typing mistake.
Reply
Shreeux AbhishekHSinghCMT
OK BRO...!!!

I know..you may go to edit options..correct the nos...!!!
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