sneh1985

Gold likely to crack till 58500-56000

Short
sneh1985 Updated   
MCX:GOLDM1!   Gold Mini Futures
Gold seems to have completed wave 3.5.5 and is getting ready for wave 4 crack.
Possible targets 58500-56000 , post that it can move to 66666 target
Rsi tripple negative divergence.
Ending digonal breakdown seen in wave 3.5.5
Pullbacks in gold should be used to sell
Comment:
gold has reached to important 100%% extension tar placed at 59960 in rupee terms and 1965$ in comex
any breakdown below abv levels will open quick fall till 1918$ in comex and arounf 59600-58500 in rupee terms
Trade active:
new tsl 59850
after first tar completion till 58500
and low 57375
Trade closed: target reached:
56450 done
not interested in last 500 points
good ride seen from 61000 to 56450
near 55300 will look for investment longs
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