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Short

Gold Will Show 2000 Points Movement Soon

MCX:GOLD1!   GOLD FUTURES (CONTINUOUS: CURRENT CONTRACT IN FRONT)
The 3-impulsive Wave was considered extended with 316% of the 1-Wave included numbers of gaps. A, B, C, and D is a parallel channel of the 4-wave . The price was traveled to appro. 38.2 retraced from 3-wave .

  • The 5-wave minor crossed of 3-wave on the account of the extended move seen 3rd wave.

We then came down to the level marked wave 4, but I have put a question mark there. This is because there is a small chance that we are in the middle of a complex correction and so wave 4 might have finished at the point where I have tentatively placed the number (A) to the right. As far as the investor is concerned, he should have gotten out of this stock at the point marked wave 5 top because that was as high as one could ride his luck in an extended fifth wave. In the not too distant future, we should expect Gold to be dumped and for it to reach the low 41000 levels.

Attention: it can surge for 49000 to 50000 after a breakout of wave fifth top.

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