samialvi

samialvi Updated 

As per my very own analysis of weekly chart, GOLD (XAUUSD) has been moving in a BULLISH flag pattern since it placed its record high of 2075. I am expecting gold to drop till 1670 to 1690 area as a weekly pattern correction and it will take a huge pull back from that level. The buy setup would be properly completed and GOLD would be fully ready to target 2300...

samialvi Updated 

SELL GOLD! I have already published my idea for Selling Gold about 2 weeks back () When I posted my previous idea for sell, the B wave had not been completed but now B wave has completed and downward C wave has started and there is a very strong resistance towards upside at the 1790 level from where Gold has been rejected 2 to 3 times now. Seems like an expanded...

samialvi Updated 

As per my view and analysis based on my limited knowledge on Elliot Wave Theory. Gold has completed the upside move as there is a strong resistance towards upside at this level. Seems like an expanded flat and if it is then it will break the last low of 1670. MACD also suggests downward move now! Gold is now consolidating for a downward rally. Be prepared! This is...