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NileshThete
Apr 30, 2016 3:06 PM

Boook Longs here as the rally is looking corrective in nature... Short

Gold/U.S. DollarFXCM

Description

Gold seems to have not finished its minor 4th wave...wave A is zig zag...wave B is irregular double zig zag.There is pending C wave which can take gold below 1200 again..Go short below 1290....
Comments
NileshThete
We are significantly down from our short level....Strategy now is to to short sell the pullback towards 1276 - 1284 lvs..
NileshThete
You can short below 1290 now....Gold has moved according to the view today....SL is 1308
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