selvamB

gold futures may test $1700

Short
selvamB Updated   
COMEX:GC1!   Gold Futures
On going triple zigzag correction in Gold futures unfolds its third leg of down
minimum requirement of wave 'z' is 62% of (w+y) which comes @ 1700.
Weekly Price action support is not seen at 1770 which is 38.2% of (w+y)
logic; money is tight ,interest is high, Gold will not find any new buyers at this level as all the metal stocks are gliding to earth
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