OUTLOOK- WHAT NEXT about GOLD (XAUUSD)

THIS DIWALI --- GOLDY DIWALI ?

Lets check with the Expert view on Technical Ground .

Keshav's View: Hello friends ! the above chart show you the real picture of Gold, what next for diwali .
first of all this is a International Traded bullion Gold chart in term of Forex which symbol is XAUUSD Gold in term of dollar.

According to the above chart gold further  take trend-line support and get reversal for uptrend but a long term trend is down from last year, but don't worry it just far away  to touch that golden breakout level 1150$. it seem that if it will give strong breakout above 1150$ level gold definitely reach at new upcoming high 1200$ aprox.
Since more Than last six months in daily chart gold traded below 200 DMA. Now it just far away with the level of 1165$ .
RSI Also showing strong strength for upward Breakout .
Now the biggest support is trendline support which is 1110$ approx . if gold sustain above this level this DIWALI definitely a GOLDY DIWALI.
CONCLUSION : 
As per technical research Gold showing attractive opportunity for investment.
if Gold will break 1150$ the next target 1165 $ which is 200 DMA and after that 1200$ .

DISCLAIMER:
This is my Personal opinion on the basis of Technical Analysis skills . we provide this research for knowledge and education purpose only . 

Keshav  Arora CFA

Portfolio Manager 
www.financialcorridor.com
09810428142

wolfe wave in intraday work or not

IS WOLFE WAVEWORK IN INTRADAY CHART?

Answer is YES

wolfe wave can work any time frame chart from ( 1 minute to 4hr) and Eod charts (daily to yearly)

For example you can see 5/05/15 dlf future chart for 5 minute time frame there is a pattern Wolfe  wave which giving a selling signal from 140 to 137 target with stop loss 141 . if we combine our study with Elliott wave theory there is a 4th wave which also conform sell.

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with Best Regard:

Keshav Kumar CFA

FINANCIAL CORRIDOR

www.financialcorridor.com

09810428142

PERFECT EXAMPLE OF WOLFE WAVE - AMBHUJA CEMENT 20-03-2015

hello friends look at the chart script AMBHUJACEM future .


THIS IS THE PERFECT EXAMPLE OF WOLFE WAVE.Here we can see that how ambhuja cement has fallen from 283 to 251 . with in two weeks . wolfe wave 95% accuracy based pattern if you can catch it properly.

thanks:
wait for my new article on wolfe wave...!


With Warm Regards:

  Keshav Kumar CFA
financialcorridor.com
              09810428142