Gold Correction on Cards!!

Jul 6, 2016

Gold has given a 5 wave rally from its bottom which looks to have completed now 4th Wave being an expanded flat correction. I would expect correction to start from current levels in gold and expecting atleast 50% correction of the complete up move which is also near the bottom of wave 4 around 1210 Levels. One can go short on gold now with Stoploss just above 1380 and Targets around 1210.. NFP reports could give a spike up and then fall or fall rapidly from current levels itself. Overall I am looking for a correction.

Happy Trading!!

Siraj Hudda, CFTe

Web: prowaveanalysis.com
Skype: sirajhudda
Email: [e-mail]
Facebook: facebook.com/prowaveanalysis/
Twitter: twitter.com/sirajhudda
LinkedIn: in.linkedin.com/in/siraj-hudda-cfte-9a59478

Jul 8, 2016

Note

One upmove could be possible with NFP reaction..

Nov 11, 2016

Note

Target is nearing..