TradingSutra

GOLD: short term: Triangle formation for terminal thrust

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
As per short term view, GOLD is in the last phase of corrective wave-y, which is unfolding as an impulse. Currently the price structure suggests that there is a formation of a triangle & this triangle is being formed as a wave-4. This wave-4 triangle formation often takes place as a preparation of terminal trust and after that the 5th wave of the impulse get started.

As long as GOLD prices are above 1960 level , one should go long for the target zone of 2050/2150/2190.
Invalidation level : 1960


For long term scenario on GOLD: refer to the attached link .
Manish Bhardwaj

Analyst & Co-Founder
http://www.tradingsutra.com

Comments

Thanks a lot, sir, good projection...
Reply
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing Refer a friend House Rules Help Center Website & Broker Solutions Widgets Charting Solutions Lightweight Charting Library Blog & News Twitter
Profile Profile Settings Account and Billing Referred friends Coins My Support Tickets Help Center Ideas Published Followers Following Private Messages Chat Sign Out