anshitjain10

anshitjain10

GOLD is forming a parabolic curve chart pattern from 1983 to 2789 and if we draw fibonacci retracement from there we can a expect a retracement upto 618 and 50% levels but to go on to that levels gold must find a temporary resistance at 2480 level. 2480 can also been seen as a short range target by the rising wedge chart formation

anshitjain10

falling down to the bottom level of 1817 gold has again started to move between the parallel lines signaling upward movement of gold in the times to come. Gold tends to show sideways movement as it did not touch resistance and fell back to the support which clearly means the cycle is not complete and it will be targeting to touch the resistance where sellers will...