Currently the wave structure suggesting a FLAT corrective move is going to take place in Gold. Even after so much carnage in global equites , there is no such significant buying has been seen in the GOLD. Inter-market relationship along with the wave pattern a short position can be taken in the zone of 1690-1700 with a Stop loss above 1720 for a target range of 1640/1560/1450 .
Trade closed manually
GOLD ABOVE 1705 , CAN TOUCH 1740 , IF SUSTAINED 1740 THEN NEXT 1810 !!! IF REJECTED FROM THE CURRENT LEVEL & BREAKS THE DOTTED TRENDLINE , THE SHORTING IDEA WOULD PLAY !Trade active
REJECTED & BROKEN THE DOTTED LINE AFTER REMOVING THE UPPER PLAYERS .
Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
tradingsutra.com
waveutra.com
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instagram.com/mansh_25
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twitter.com/mansh_25
YOUTUBE -
@TRADINGSUTRA @WAVESUTRA
Analyst & Co-Founder
tradingsutra.com
waveutra.com
INSTAGRAM-
instagram.com/mansh_25
TWITTER-
twitter.com/mansh_25
YOUTUBE -
@TRADINGSUTRA @WAVESUTRA
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Manish Bhardwaj (CMT L-1)
Analyst & Co-Founder
tradingsutra.com
waveutra.com
INSTAGRAM-
instagram.com/mansh_25
TWITTER-
twitter.com/mansh_25
YOUTUBE -
@TRADINGSUTRA @WAVESUTRA
Analyst & Co-Founder
tradingsutra.com
waveutra.com
INSTAGRAM-
instagram.com/mansh_25
TWITTER-
twitter.com/mansh_25
YOUTUBE -
@TRADINGSUTRA @WAVESUTRA
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.