Bang On...As per previous update---"Gold Futures--Looking to Melt...first push & Fall below 1355$".....in comment section...18:00 Hrs IST--8th Aug 2016----Gold Makes a low 1335$...we were looking for a bounce ---We got it....Gold Made a new session since yesterday at 1348.50$....which 38.2% retracement of the current fall...Once It starts going below 1340$---we...
Vow....Gold ....Below the channel break & 1355$ ...Look...Gold ...started melting....1335$ is the current rate & we got a fall of 20$....
Regards,
Abhishek H.Singh, CMT
(L-S---Long First & Later Short)
1377.5 is the key level--from that top I have counted wave -1 & we are moving back to same level (current price-1367 $)...
Currently, there is sideways movement..if recent swing high@1371.5$ is taken out - Gold will travel close to key level 1377$ - but make sure it should not go above 1377.5$ -otherwise its a violation of...
