as per london gold prices.
gold is in correction mode.
rough tgts for the fives could be about $1300/$1540, subject to chnage as per scenario unfolding. downside lvls for internal waves as shown on the chart above.
right now one or two degree's correction may be happening, this is monthly chart the movement therefore would be clearer after sometime.
once wave five is completed, a big correction can come to below $1000 maybe in that range $700-$1000.
pls note that this is as per london gold prices which are on closing spot basis, which is different from nyse or comex gold futures prices.
gold chart all data.
on nyse gold the downside/support lvls are 1100/1070/1030/990.
mcx gold futures with trendline's supports.
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Sunday, December 6, 2009
my gold ew chart...
Posted by
abhay r somkuwar
at
2:55 PM
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3 comments:
Abhay was trying to cut and paste this Gold Chart in VFM, i thought its better to ask you to start a thread
regards
ranga
PS: I have this gut feeling Gold is going to fall Heavily, dont know why?
hello vpb sir, many thanks for visiting and commenting on the post.
i have added some more lines in the gold post, if u like u may copy and submit to forum.
regards,
abhay r somkuwar.
Thanks Abhay,
will do sooner than later,
all check your posts any ways
thanks for the quick update
regards
would reveret soon
ranga
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