You’re partially right.
There are several angles that one should check for Gold movement . The following are critical :
a) DXY chart
b) USD/INR chart
c) Gold chart in USD
d) Precious Metals chart
e) Interest rates and yields.
Currently all charts support the wave -count of Gold chart in INR. ( will update if the pattern changes)
For this week, we might see a small dip (smaller wave ii in minor wave III ) before the next leg of upward journey starts.
Did not want to put everything here as that may complicate the whole thesis for those people who’re new to technical analysis.
| Subscribe To Our Free Newsletter |
