GOLD @ 2893$ UPDATE
We have started plotting wave counts from 2015 low which was around 1040 $ levels.
As per the current wave counts it looks like GOLD is In middle of wave 5th of 5th and it should complete this run anywhere between 2979/3117/3255 levels and after that it should go in some sort of sideways correction or price wise correction.
Now the extension confirmation of GOLD rally may come if it gives weekly close above 3255 $ levels. If gold fail to give close above 3255 then this view remains wide open that gold is in middle of wave 5th of 5th and it should end this up move anywhere from 2979 to 3255 levels and from here it should start correction towards minimum 2450 to 2300 $ and maximum 2000 to 1900 $ levels.
We have started plotting wave counts from 2015 low which was around 1040 $ levels.
As per the current wave counts it looks like GOLD is In middle of wave 5th of 5th and it should complete this run anywhere between 2979/3117/3255 levels and after that it should go in some sort of sideways correction or price wise correction.
Now the extension confirmation of GOLD rally may come if it gives weekly close above 3255 $ levels. If gold fail to give close above 3255 then this view remains wide open that gold is in middle of wave 5th of 5th and it should end this up move anywhere from 2979 to 3255 levels and from here it should start correction towards minimum 2450 to 2300 $ and maximum 2000 to 1900 $ levels.
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