On 16th Aug 2012 we gave a advance view on Gold when it was trading around $1360/oz where we gave upside target of upto $1428/oz and predicted a correction from thereon.
Msg dated 16th Aug 2013@ http://moneymystery.blogspot.in/2013/08/goldwhen-it-can-correct-again.html
Seems like a dead cat bounce for the time being Gold likely to move further more on the upside and could correct again heavily close to $1400-1428/oz.
Area of $1428/oz likely to act as tough resistance for Gold and could correct. It get further strong only above $1428-1430/oz closing.
We have given both side view.
What happened then@
It hits intraday high of close to $1433.50/oz on Aug 28th however closed below at $1413/oz where we said that it get further strong only above $1428-1430/oz closing.
Gold hits around $1357/oz as of yesterday...corrected close to $71/oz from the assumed level.
Msg dated 16th Aug 2013@ http://moneymystery.blogspot.in/2013/08/goldwhen-it-can-correct-again.html
Seems like a dead cat bounce for the time being Gold likely to move further more on the upside and could correct again heavily close to $1400-1428/oz.
Area of $1428/oz likely to act as tough resistance for Gold and could correct. It get further strong only above $1428-1430/oz closing.
We have given both side view.
What happened then@
It hits intraday high of close to $1433.50/oz on Aug 28th however closed below at $1413/oz where we said that it get further strong only above $1428-1430/oz closing.
Gold hits around $1357/oz as of yesterday...corrected close to $71/oz from the assumed level.
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