It was expected some more down as seen in chart but bounce back and entry triggered with 410 target
it already triggered entry at 58500 it may consolidate or may go upto 60000 so this month range is 57000 to 60000... and sold goldm 57000 pe at 170 and by putting stoplose 56000
While today entry was done target will be 210 as per chart indicator for short term but for long term i would tellbit can double the price
As per my previous analysis it has no more strength to go up and it in consolidation stage and there is better risk and reward is there if you go to short see on chart 1 apple is available on upper side but if you turn bearish you may catch 5 apples more strength is there on down side
upside is limited possibilities and already down trend is going i will see only selling opportunities
Upside is limited to 44400 (already reached) after then it needs consolidation ( being right now upto fed meeting on 14th) or retracement For example if you buy ce it may go upto 44500 you may catch 500 points and if you buy pe there is posible to catch more than 1500 points check on graph 5 apples waiting on down side but only one apple waiting on upper side