KSAlgoTrader

KSAlgoTrader Updated 

Gold is on the verge of giving a major breakout at $1380 . Go Long post this breakout with a target of 1700$ in 3 to 6 months.

KSAlgoTrader

From 2005, we can see roughly 200 week cycles . As can be seen from charts it has clearly made a top and on its way down . Fibonnaci channels for 5 year and 10 year indicate first 32500 will get broken and then 30700. It should find support at 28000-29000 levels.