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GOLD-Still valid my 1950 zone...and this could be a last chance?

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GOLD-Still valid my 1950 zone...and this could be a last chance?

MARKET COMMENTARY:


1. Still i am not leaving that 1950 zone and my sell trigger this time and this sit he last chance

 for reach to my sell zone.


2. From the low 1675 to the high it made 1916.55 looking like a diagonal pattern and each wave

got in its a,b,and c. as I shown here...and in that iii)rd wave also it is a diagonal pattern.


3. Now wave iv) ended in WXY pattern and in tat C of Y fall aggressively and after that wave 1 of v) bounced aggressive too... 


4. Low today it made was 1843.9 you can make that as a STOP and look for the TARGET 1950 as i said.


5. Now it is trading 1865 and Target is 1950 so RR is very good too . But the invalidation is @ 1808.


6. If it breaks the low and the above bullish channel also get invalid...so tight STOP is today's low.


 DISCLAIMER : All labeling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So dont bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS


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now gold price is 1811
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nmkvijay
Author
yeah low made 1803 and now this view got invalid for short term...yeah now it is doing a correction or a reversal to 1400 ? that we have to identify
Verified Person
nmkvijay
Author
everything i had written clearly, my positional view is in SELL and BUYING is a risk, only i like to sell if it reach 1950 and above. cheers
@nmkvijay thx for you sharing πŸ‘
I hope so
GOLD Broke my heart
I think can enter the market and go short at the current price, with a stop loss at 1870
Verified Person
nmkvijay
Author
Mind that my positional target in sell for gold remains same 1400...so be on SELL SIDE if it comes to 1950...Buying with strict stop as i mentioned

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