GOLD NEUTRAL
Gold needs to watch careful and Its wise to stay away from it as We are now in the matter of uncertainity whether wave (3) completed and wave (4) unfolding as in shape of wave ABC?
Well I preferred the correction scenario on my books and Will just a matter of time when we see this up rally to finish between 1100-1120
Now we will look to find weak signs at 1100 , 1113 or near 1120
At this time we are unclear but as far as things looks, its a correction step which gold has taken.
Trading recommendations :
Its very risky to trade corrections against this big trend so we will keep patience and look to Short near 1113 or more important near 1120. How ever 1100 area is also need to watch.
Well I preferred the correction scenario on my books and Will just a matter of time when we see this up rally to finish between 1100-1120
Now we will look to find weak signs at 1100 , 1113 or near 1120
At this time we are unclear but as far as things looks, its a correction step which gold has taken.
Trading recommendations :
Its very risky to trade corrections against this big trend so we will keep patience and look to Short near 1113 or more important near 1120. How ever 1100 area is also need to watch.
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