Gold:A potential last chance to back up the truck before takeoff
There might come another possibility for those who missed the opportunity of buying gold at 1195 discount.
AB=CD give first 2 upside targets; 1137.45 and 1250. Given the resistance structure, 1250 seems to be most likely.
Then there are 2 lower targets in structure; 1182 and 1162. Based on UJ cycle and length of correction, I expect no lower than 1182 to occur. But never say never in the market, always be prepared to be surprised.
Long term target is 2000 (in year 2019). However, we all know the sellers point of view which is 1140.
AB=CD give first 2 upside targets; 1137.45 and 1250. Given the resistance structure, 1250 seems to be most likely.
Then there are 2 lower targets in structure; 1182 and 1162. Based on UJ cycle and length of correction, I expect no lower than 1182 to occur. But never say never in the market, always be prepared to be surprised.
Long term target is 2000 (in year 2019). However, we all know the sellers point of view which is 1140.
