Gold very long term and short term view trader be alert,

[tradertrader]

Gold if start trading above 1360 in near term and above 1375 by next month clear breakout upto 1434-35 after that next hurdle at 1790 and target for bullish down wedge is $1920. If I take is as flag then target is near $ 2600.

If back from here and breach 1300 then possibly go back to 960 level in long run.

http://i61.photobucket.com/albums/h49/trading4living/GoldMonthly20160819012948_zps6gfslqtv.png

Short term target if staying above 1360 is 1420 triangle target . Flag target 1483. If breaks 1337 then it will back to flag lower boundary 1317-18 and if that break downside open to 1270-1250 and continue possibly as per monthly charts 960.

 

[ram2010]

Gold if start trading above 1360 in near term and above 1375 by next month clear breakout upto 1434-35 after that next hurdle at 1790 and target for bullish down wedge is $1920. If I take is as flag then target is near $ 2600.

If back from here and breach 1300 then possibly go back to 960 level in long run.

http://i61.photobucket.com/albums/h49/trading4living/GoldMonthly20160819012948_zps6gfslqtv.png

Short term target if staying above 1360 is 1420 triangle target . Flag target 1483. If breaks 1337 then it will back to flag lower boundary 1317-18 and if that break downside open to 1270-1250 and continue possibly as per monthly charts 960.

Even 1360 is totally unjustified, 2000 $ is just day-dream

960 will be the ideal target since paper trading and speculative money in gold will vanish in thin air :thumb:,

india's gold imports down by 60 %, after the launch of gold schemes,

 

[tradertrader]

Even 1360 is totally unjustified, 2000 $ is just day-dream

960 will be the ideal target since paper trading and speculative money in gold will vanish in thin air :thumb:,

india's gold imports down by 60 %, after the launch of gold schemes,

If fall below 1300 and sustain high chance of 960 in 1-2 yrs may be early.

 

[ram2010]

Gold if start trading above 1360 in near term and above 1375 by next month clear breakout upto 1434-35 after that next hurdle at 1790 and target for bullish down wedge is $1920. If I take is as flag then target is near $ 2600.

If back from here and breach 1300 then possibly go back to 960 level in long run.

http://i61.photobucket.com/albums/h49/trading4living/GoldMonthly20160819012948_zps6gfslqtv.png

Short term target if staying above 1360 is 1420 triangle target . Flag target 1483. If breaks 1337 then it will back to flag lower boundary 1317-18 and if that break downside open to 1270-1250 and continue possibly as per monthly charts 960.

Except ornaments, whats the use of gold in day- to-day life,

Rubbish metal, Its real value is 100 $

 

[tradertrader]

Except ornaments, whats the use of gold in day- to-day life,

Rubbish metal, Its real value is 100 $

I appreciate your views and agree at personal level. But it is used as alternative currency when there is fear on usd. People used it as hedge against inflation.

 

[ram2010]

I appreciate your views and agree at personal level. But it is used as alternative currency when there is fear on usd. People used it as hedge against inflation.

Alternate currency- whats its use other than ornaments,

your answer is mere theoratical rather than practical

If gold loose its shine,

coal is better than gold,

 

[tradertrader]

Alternate currency- whats its use other than ornaments,

your answer is mere theoratical rather than practical

If gold loose its shine,

coal is better than gold,

Bro I am a trader and I have to make money. SO practically it is giving me good profit then other commodities. Whereever it is I am happy till I am making money. Itna tension nai lene ka bro.

 

[ram2010]

Bro I am a trader and I have to make money. SO practically it is giving me good profit then other commodities. Whereever it is I am happy till I am making money. Itna tension nai lene ka bro.

Iam also on the same boat,

why don't we( everyone ) short that useless metal

and make money

 

[tradertrader]

Right now below 1337 if close possibly good opportunity to short till 1317-19-1282-.....960 let see. 960 upto what time. if above 1360 I will not short it specially above 1375. No way no way.

 

[ram2010]

Right now below 1337 if close possibly good opportunity to short till 1317-19-1282-.....960 let see. 960 upto what time. if above 1360 I will not short it specially above 1375. No way no way.

According to' ' impulsive wave trading ', article- states that

much complex 5 th wave extension is going at gold,

after acheiving its target probably around 1400 to 1430,

a deep correction is on the cards,

They also states that, wave may truncate before acheiving its target and take a 'U' turn,