Wednesday, 15 January 2020

Gold: Many possibilities 15-Jan-2020

CMP: 1551.x; Res: 1563/1612; Sup: 1535
Have given 3 views in the chart.

Scenario 1: Can move up towards 1557-1563 n reverse back to 1535-1530-1522...
Scenario 2: 1535 holds support and up move as wave B towards 1570+ n reverse back to 1535...
Scenario 3: If 1535 is the end of correction, can move to 1636 which is an ultimate upsid target as per my previous analysis.

Thanks.

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