Gold Correction on Cards!!
Aggiornato
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: contactus@prowaveanalysis.com
Facebook: facebook.com/prowaveanalysis/
Twitter: twitter.com/sirajhudda
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Happy Trading!!
Siraj Hudda, CFTe
Web: prowaveanalysis.com
Skype: sirajhudda
Email: contactus@prowaveanalysis.com
Facebook: facebook.com/prowaveanalysis/
Twitter: twitter.com/sirajhudda
LinkedIn: in.linkedin.com/in/siraj-hudda-cfte-9a59478
Nota
One upmove could be possible with NFP reaction.. Nota
Target is nearing..
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