Gold- Bang On..for bounce back to 1349-1350$...

As per previous update..."Gold-How it can fool."- 08:45 Hrs Update on 13th Aug 2016- It was updated that I am taking my primary count as blue waves as shown 1-2.

We are expecting a bounce in the zone 1345-1350$. Recent Bounce was 1349$. Currently Trading at 1347$. We shall look for this bounce as selling opportunity with a stop above 1365$.

Trading Strategy- Either bounce between 1345--1350$ is selling opportunity or going below 1340$- can be taken as selling opportunity with strict stop above 1365$ & If count is correct-we shall see strong down move in this week giving us a target of 1320-1325$.

Regards,
Abhishek H.Singh,CMT

Trade active:

19:55 Hrs-IST-16th Aug2016- Gold falls very close from 1365$ -which was the key level for taking shorts on bounce. session highwas 1364.3$-- Current Price- 1350$.

Regards,
Abhishek