2018-04-09

GOLD

IN THE NAME OF ALLAH THE MOST GRACIOUS THE MOST MERCIFUL
GOLD ON DAILY CHART, AFTER GOLD PEAKED AT $1920  AS A THIRD CYCLE WAVE, CORRECTION TAKES PLACE , OUR MAIN SCENRIO  FOR CYCLE WAVE IV IS  A SINGLE ZIGZAG , SO THE BEARISH RUN FROM THE ALL TIME HIGH AT $1920 TO LOW OF $1046 WAS THE FIRST LEG OF SINGLE ZIGZAG LABELED WAVE (A) ,  NOW PRIMARY WAVE B  (GREEN COLOR)  IN PROGRESS WHICH HAVE UPSIDE TARGET ALMOST AT $1450 BUT  THAT TARGET  CAN NOT BE REACHED BEFORE BREAKING DOWN $1315 FIRSTLY, THEN RESUMES CLIMB AGAIN TO COMPLETE THE LAST SWING AND REACHING THAT TARGET, ACCORDING TO THIS SCENRIO,ONE MORE SELL OFF TO PUSHING PRICE DOWN TO GET WAVE C, THUS, THE CYCLE WAVE IV IS COMPLETED