Abdul-Forex-Movement
Long

Gold Bulls soon take control

FX:XAUUSD   Gold/U.S. Dollar
361 1 5
#The Precious metal Gold             is very much strong and we 2 higher high and one lower low next with fair Chances For target near 1320             (y)
#The support is Found either now 1230 or more extreme then 1214 not more because we expect limited corrections and also may be little complex which I think it already did.
#Gold need to make 2 higher high impulse top while one higher low corrective dip and the next dip also will be same as current one.
#For the longer terms plans we actually targeting 1400             number.
#One thing We share here this up move is still part of correction on larger scale as per our calculations and we strongly believe that gold             will remain weak throughout 2016 year in the bearish under pressure.
#More importantly we also expect one more count down visit towards the psychological number 1000 or more drifted to 900 in case if psychological number stop hunt or pendings needs to anticipate before upward progress.
#Trading recommendations :
#Initiate 50% long buy orders now on gold             at 1230 near while initiate more 50% if price comes to 1214 and the risk size throw at order not more than 1.5% per sequence while the targets lies at 1320             and stop loss lies below 1210 and will quickly shifted up once gold             pass 1245 above.
manish_damani
9 months ago
My long term target also 1400 but it should consolidate above 1180. But dont you think 38% retracement is important before going up. Wave 4 need to complete at 1190 atleast.
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