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Monday, 29 August 2016
Gold Technical Analysis: 29 August 2016, Monday, 10.27am Singapore Time
Gold Technical Analysis:
29 August 2016, Monday, 10.27am Singapore Time
Attached is the technicals for gold showing the impulsive waves and corrective waves. The main direction is up. My funds will be putting buy orders at $1270 and adding some more Gold buys at $1270 on top of existing in-the-money Gold investments. Anything below $1300 in 2016 is an undervalue for Gold prices in 2017. There will be a lot of smart monies worldwide rubbing palms and eager to catch buy on gold, so gold's trajectory towards $1550-$1600 and above is still on track.