Gold The yellow metal , we spot the level 1079 from which we expecting moves down and we got exact 100 pips move from 1079 but suddenly unexpected rally for the final shaking of weak holders comes to play and we saw the quick step up move.
The point is here simple, we are still on our words and we are bearish and we think this up move is limited to 1092 or if maximum then 1100 which only delay our targets as our targets lies near 1057 or more good is at 1048 and the ultimate target is 1000.
We think ideally 1092 will protect gold from upside and throw it back to our final wave (5) towards 1050.
We will look to enter gold on US sessions and will see nice down moves.
Trading recommendations :
Watchout for sell near 1092 stop above 1100 and target will be 1050
The point is here simple, we are still on our words and we are bearish and we think this up move is limited to 1092 or if maximum then 1100 which only delay our targets as our targets lies near 1057 or more good is at 1048 and the ultimate target is 1000.
We think ideally 1092 will protect gold from upside and throw it back to our final wave (5) towards 1050.
We will look to enter gold on US sessions and will see nice down moves.
Trading recommendations :
Watchout for sell near 1092 stop above 1100 and target will be 1050
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