Gold CMP 3980
Elliott- the C wave correction is over. The vth wave of C is a failure here. Which has made a double bottom now at the fib confluence zone of 3950.
Oscillator - both the oscillators are giving the permission to buy.
Directional Signal- we have a double bottom directional signal, giving permission to buy.
Conclusion - I dont know as of now if this is the bottom. But a rally from here is a high probability. The three day candle will end on Tuesday the 21st. If the candle close above 4105 it will be a trigger signal to buy. The three fib zones are ur targets.
Elliott- the C wave correction is over. The vth wave of C is a failure here. Which has made a double bottom now at the fib confluence zone of 3950.
Oscillator - both the oscillators are giving the permission to buy.
Directional Signal- we have a double bottom directional signal, giving permission to buy.
Conclusion - I dont know as of now if this is the bottom. But a rally from here is a high probability. The three day candle will end on Tuesday the 21st. If the candle close above 4105 it will be a trigger signal to buy. The three fib zones are ur targets.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.