Gold going to 1097 - Week, 500 - Year, 1500 - later

Gold going to 1097 - Week, 500 - Year, 1500 - later

4 September 2015, 20:18
forexintel
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Since the expected zz formation of W did not happen today, expect the possibility of a free fall in gold prices. Since there is a possibility of a huge fall on Monday opening, entered SELL order of 0.2 lot size. But if the gold price retraces to 1140, then the price might not have a free fall but ranging downward movement. With the possibility of a free fall much higher than the retracement changed the title to 'Gold going to 500'. 

 

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