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
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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
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new tsl 59850 after first tar completion till 58500 and low 57375
Trade closed: target reached
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56450 done not interested in last 500 points good ride seen from 61000 to 56450 near 55300 will look for investment longs
now a good pullback upto 60800 can be seen post that will take decision whether 66000 or 56000 close shorts
sneh1985
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on 17 may gave sell in gold at 60180 post that did 57375 on 26 june now 58890 completed first tar of 58500 and on overall basis gave 3000 points crack from mentioned levels pls note new tsl is 59850 for remaining target
post that will take decision
whether 66000 or 56000
close shorts