Gold- Looking to slip below 1347$ to 1325-1330$

AbhishekHSinghCMT Updated   
COMEX:GC1!   Gold Futures
Gold could move sharply down in 3rd wave once it slips below 1347$ & later going below 1340$-shall put more pressure. We shall look for an equality target of 1325-1330$ first below 1340$ as support zone - likely it should travel atleast that much but usually 3rd waves travel 161.8%-of 1st waves -which comes in the zone 1305$-1310$.

Abhishek H.Singh,CMT
Trade active:
00:20 Hrs-IST-17th Aug2016

Gold -Latest Update: https://in.tradingview.com/chart/GC1!/VP...

Regards, Abhishek

Best Regards,
Abhishek H. Singh, CMT
​Growth Director - TradingView India

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