AnkitSalgia
Long

Time to buy Gold, will it touch $2400?!

TVC:GOLD   CFDs on Gold (US$ / OZ)
Looking at weekly chart, down trend of gold was long over and has recently break out long side trend as well. Gold has formed breakout pattern on weekly chart, where it has surpassed strong resistance of $1365 (facing since February 2016).. If we look at long-term investment horizon 3-4 years, Gold is ready to take off for new all-time high. Targets are determined using fib retracement from previous downtrend; alternatively, green lines show target /resistance it will hit in its uptrend.
Trade active: Gold target1 1468 achieved !!! Yay
Next 1571..
i m also holding the same view but in indian rupees i m targetting gold 90000 gold by next 5yrs so it is still not bad to invest in rupees term
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@hits83, ya good call you will get double advantage price rise in usd plus growth in usd to inr conversion.

How are you holding etf or in lot in commodity market or via bank or something else?
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hits83 AnkitSalgia
@AnkitSalgia, hi i m holding in physical n reliance goldbees n planning to put in govt gold scheme which pays u 2.5%
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