Gold Sets almost $200 up upto 1437 on Daily Chart



Irecently kept gold level at 1277 but now confirming that to upside targeting. See previous post:
GOLD targets 1277 Don’t miss it out

Gold currently trading at 1239 ,the moves gain stronger momentum since Mid December 2016 as Gold moving in channels according to it Gold made recent low on the lower channel thread 1122.63 .The recent announcement from the Fed about USD ‘s boost ,corrected gold.I have seen two corrected waves and 2 impulse as per the chart .Next wave is on going and targeting towards 1437 for the completion of 5th wave .

Stop Loss and Profit target :The positioning trade gives us the level with minimum risk of 1218.25 and target price range would be 1439 as per Fibonacci levels 261.8% where channel and wave 5th completes .

Disclaimer: The content inthis article comprises personal opinions and ideas and should not be construed as containing personal and/or other investment advice and/or an offer of and/or solicitation for any transactions in financial instruments and/or a guarantee and/or prediction of future performance. FXTM, its affiliates, agents, directors, officers or employees do not guarantee the accuracy, validity, timeliness or completeness of any information or data made available and assume no liability as to any loss arising from any investment based on the same.

Risk Warning:

Source: Gold Sets almost $200 up upto 1437 on Daily Chart

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