Tuesday, 29 July 2014

Positional COMEX Gold View 29-July-2014

CMP 1304.87

Based on 1H analysis, I expect Gold to move down towards 1288-1286 minimum if restricted by 1310, 1325.



Gold has done 61.8% retracement already. As a Wave C targets I expect 1288, 1280, 1272, 1260.
Any reversal from these I expect 1345 first.


Positionally, I am bullish and my targets are:



1345, 1365-1377-1387, 1400, 14303-1450-1465, 1485-1493-1515.