GOLD-Wave a) may be expanding leading diagonal and we are in b)?
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MARKET COMMENTARY:
1. From the high 2076 to the low it made 1676 is a expanding diagonal as i shown and explained there.
2. Once it completed the wave a) in leading expanding diagonal we are in the connecting wave of b).
3. Whether the connecting wave is simple it will fall from the high it made 1917 and it wont break .
4. If not, it is making a ZIGZAG 5-3-5 then it will break that 1917 and will form 5 waves for "a" wave
and then rejection for "b" and then "C" will continue near to 2020 also.
5. This is the TIME to STAY AWAY from this to enter in trade...I already in the trade from yesterday
@ 1858 with yesterday's Asian session low 1943 as a STOP for the target above 1940.
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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