GOLD-3 Possibilities found and invalidation given for TP 1720
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Market Commentary:
1. There is a 3 possibility to reach 1720 zone as i shown and explained using EW theory.
2. 1st possibility if, there is a chances for down side from where it is if it is a WXY pattern.
3. 2nd Possibility is there is a chance for little consolidation for wave "4" as i shown and one
more high is possible to 1856 in 5 waves that could be "a", "b" and "c".
4. 3rd Possibility is if the it is a WXY and X) could be a running flat(irregular flat if it comes from 1845 without making 5 waves) chances again after it reached 1800 once again after that 3 waves for Y) to 1856 zone.
5. For all the above possibilities i am looking for a bearish once it formed above patterns.
Invalidation is 1878 for all the patterns explained here.
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't 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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