Gold- Looking to slip below 1347$ to 1325-1330$

16 thg 8, 2016

Gold could move sharply down in 3rd wave once it slips below 1347$ & later going below 1340$-shall put more pressure. We shall look for an equality target of 1325-1330$ first below 1340$ as support zone - likely it should travel atleast that much but usually 3rd waves travel 161.8%-of 1st waves -which comes in the zone 1305$-1310$.

Regards,
Abhishek H.Singh,CMT

16 thg 8, 2016

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Regards, Abhishek