Gold- Looking for New High above 1377$

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Hi Gold possibly looks to turn its fall from 1235-1240$ zone where it completes 161.8% of the W-wave. First criteria is looking for upside candle & this zone should be protect -in that case we could see gold moving above 1377$ high in the near term

There was a typing mistake when published in Indian version- zone mentioned in writing up is 1235-1240$ instead of 1335-1340$ zone- which is a mistake.

Regards,
Abhishek H. Singh, CMT

On Indian Platform of TradingView

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تم فتح الصفقة

18:41 Hrs 12th Oct2016

Going Above 1260$- Likely it should push up for 1289$ where it will measure 161.8% of wave -((i)) from lows@1243