1. Sharp Movement, Steep Trade Angle
2. Length of 3rd Wave is equal to 5th Wave
3. Ascending Channel TGT is completed
4. Divergence in the Price Movement
5. Nifty Price Movement - It is at a breakout point. The Correlation between 2 asset classes is approximately Negative 0.30 to 0.35 post Covid
If this is the case, then price may not move beyond 1 Lakh
This will be a great opportunity to book the profit in gold; it may correct to 70000 or below in the next few months.
2. Length of 3rd Wave is equal to 5th Wave
3. Ascending Channel TGT is completed
4. Divergence in the Price Movement
5. Nifty Price Movement - It is at a breakout point. The Correlation between 2 asset classes is approximately Negative 0.30 to 0.35 post Covid
If this is the case, then price may not move beyond 1 Lakh
This will be a great opportunity to book the profit in gold; it may correct to 70000 or below in the next few months.
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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.
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.