Gold- Alternate Count-Travelling in 2nd Wave of E.D.

٢٨ أغسطس ٢٠١٦

From the lows of 1045$ in Dec2015- we could be travelling in a ii - wave of larger 5th wave Ending Diagonal- The knee jerk reaction which was seen in Janet's Speech -could be 4th wave in c?- pink wave in ii-blue wave-travelling upside & most obviously. There is a tug of war going between bulls & bears so one should be careful & trade once the market shows the direction where it wants to go.

Trading strategy- Once prices cross above 1346$ one can look for upside move or If Gold breaks below 1310$- In that case I shall become bearish & shall come up with a new update.

Trade Carefully

Regards,
Abhishek H. Singh, CMT