Currently wave v of wave C of Wave Y is going on.
Since this correction is sideways,price is unlikely to fall below 1500 USD/oz in the international market.
Right click on chart and click on view image for magnification
Gold weekly chart
Disclaimer: The views given in this blog are for educational purposes only. Readers should exercise personal discretion and take expert advice before taking any action in the stock market.The author of this blog is not responsible for any losses which anyone might incur in the stock market by acting on these views.
Actually, I had wanted to ask, Is this the right time to buy gold? They say that gold and capital markets are usually opposite in nature. Is this true.
ReplyDeleteI think till the correction ends it is better to stay out.
DeleteGold and capital markets do at times move in opposite direction as gold becomes a store of value in difficult times.