Gold Elliott Wave Count

This is what i am expecting further in gold.
Momentum have turned upside.
MACD is changing the direction upside.
There are two alternative count.
One in blue is a count for upside where wave II have completed with a expanded flat and Wave 3 is on its way.
Second in red shows a possibility of further correction in gold and can reverse from 1714-1722$.
Let price itself make the decision and wait n watch.
I am bullish on gold looking at MACD and momentum chart.

This is for education purpose please consult your adviser before investing.

Regards
Rinkesh jain

TTML Breakout

Breakout!!




TTML was moving in a down trend form March 2009.
Price always had a reversal from the descending trendline.
Today stock had a gap up opening and have break the resistance level of descending trendline.
Volume was around 50 lac as compared to 5-6 lac average.
Next resistance level can be 14-18-22!!!

Elliott Wave Count of GOLD

Below is the chart of Gold, Spot (USD) from 30th may 2012 to present.
Gold have increased from low of 1530 to high of 1795.
Possible wave count is shown on the chart which states that 5th wave have started with sub wave 3rd continuing.





This post is for educational purpose, consult your adviser before investing.
Do share your views.

Divergence in USD/INR.

USD/INR




INR is currently trading at 55.75.
Divergence is indicated in chart where momentum is moving  down with a descending trendline but
INR is moving up.
Reversal near 56.00 may be seen.
Resistance at 56.05 where it retrace 78.6% from it low of 51.37.
Stoploss of 56.10-56.20 should be kept, as same indication was giving as it is seen few days before (red circle) and it failed.
Price is near the upper Bollinger Band.
Market is also moving positive for few days.

This is just for educational purpose and one should consult their adviser before trading.