Gold -Follow-up
CMP 59783
As we shared several times that we’re bullish on gold and we think that current full wave (i,ii,iii,iv,v) can take it near or beyond 70000 in coming months .
Currently it seems to be in iii rd wave . And as a start we are assuming that this iii wave would be equal to wave i.
Final destination of this full wave can only be determined once the wave iii rd and wave iv end.
Gold went up near 3.68 % overnight.
Generally movement in this asset is not vert fast but iiird waves are considered to be faster than i and v.
Daily Chart
Disclaimer :This post is just a for learning few methods of price-patterns. Views are personal and are purely based on our limited knowledge of charts. No buy/sell recommendations. These are probability study methods and chances of success/failure depend upon various factors
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