#OPINIONLEADER# #gold# #Commodities# #ForexForecast#
Market Commentary:
1. The fall from the historic high is the end of the trend(for me).
2. The 1200 $ fall is sharp. So I considered as a bearish trend started.
3. Later I got the wave count and shown here. If it is valid then we can see 5300 zone.
4. That is the end of the correction(1 Set). We didnt know whether this is the end or
it is a complex correction we can wait for the confirmation.
5. But i will be always in the SELLING side not in the BUYING side.
6. Stop for this trade plan is 5605 the high it made and the target is 4770. Your RR is 1:2(approx)
DISCLAIMER : All labelling and wave counts done by me by manually and i will keep change according to the LIVE MARKET PRICE ACTION. So don't bias, hope on my trade plans...try to learn and make your own strategy...Following is not that much easy...I AM NOT RESPONSIBLE FOR ANY LOSSES IF U TOOK THE TRADE ACCORDING TO MY TRADE PLANS....THANKS LOT..CHEERS
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