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anilmangal
Oct 21, 2015 9:04 AM

GOLD daily update. 

Gold/U.S. DollarFXCM

Description

Gold is in a down trend and it is now correcting to the up trend line, I am expecting one more down leg but we will see when it gets to there.

Follow me for more update on this and much more.

Thanks for all the likes and your strong support.
Comments
jangseohee

eb0b1852b8a04587a2caaf3b2b02a1
Thank you Anil. Completely agree with your . Waiting for your webinar
KVE
Nice, totally agree! 1200 is my current long target, we'll see from there as you said!
forex.zahran
nice analysis thanks anil
InsideMarket
Great, Anil!

I guess XAUUSD completed an ending diagonal and it is developing an 'A' wave leg. Or even a first wave if the market realizes that will be no rate-hike at all.

Cheers!
P_Parker
Thanks Anil, I am Long Gold, my Target is the Up Trend Line. AGREE.
wenshan
agree
anilmangal
Please don't forget to click the likes
Love_Peace1
Looks like the up channel is broken for the meltdown Anil, 2 black equals and 2 red equals done so far and breaking the up red channel....... appreciate if you can comment on my sketch.....
Love_Peace1
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