Re: [Technical-Investor] Fwd: NEoWave FORECASTING (GOLD - Daily Plot)

 

Weekly Gold chart attached.

Bullish Rounding bottom breakout & Inv H&S breakout at 950-1000$ gave a target of 1250$-1300$

Indicators still showing strength. Havent reversed yet. See marked zone.

Best case scenario: Bulls can play for another 50-100$ upside on Gold.
Worst case scenario: Reversal from current zone on weekly basis. Bears can hope for same 300pts downside.

The last breakout of this magnitude was 300pts from $700 to $1000. Looks like similar 300pts breakout this time around also.

Good Luck & ATB,

Rgds/Balaji

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