GOLD v/s USD.: changing co-relation
- Thread starter sdalal
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- Tags analysis bullions currency dollar forex analysis gold gold research metal silver technical technical analaysis trend following
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Re: Gold -Short situation.
that double top is going to be taken off per the wave. pattern is going very well so far... like I shared the previous chart... if "pink line" is the target line then we should see good volume around 1128-1132 levels ... if volume stays subdued then it will go for a double top of all time high or atleast 1160.
that double top is going to be taken off per the wave. pattern is going very well so far... like I shared the previous chart... if "pink line" is the target line then we should see good volume around 1128-1132 levels ... if volume stays subdued then it will go for a double top of all time high or atleast 1160.
Re: Gold -Short situation.
You know when I am short
... Yeah I saw that and usually when we come out of wedge with a big body candle, I expect atleast half of its length to go back as correction...
Last daily candle had a open @ 1101, close @ 1119... length = 1800pips.. my target will be atleast 900pips of correction to take it back to 1110 while I am booking my shorts @ 1111
You know when I am short
... Yeah I saw that and usually when we come out of wedge with a big body candle, I expect atleast half of its length to go back as correction... Last daily candle had a open @ 1101, close @ 1119... length = 1800pips.. my target will be atleast 900pips of correction to take it back to 1110 while I am booking my shorts @ 1111
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