Gold forecast
First let’s discuss the price element . Please pay attention to gold analysis sent on 1st January wherein I have mentioned that gold should make important top @1895 . There is no change of view . I strongly suggest to exit all long positions in gold as soon as gold touches 1895 . There is almost 100% probability that gold will make important top @1895. Intraday it may spike maximum 20 points higher @1915
2. Now let’s discuss what trend analysis is indicating . Next 4 days 25-26-27-28 January should see both up and down move in gold prices with bullish bias, on 28th January gold should make a top and from there it should decline till 1st February. Pay special attention on 2-3-4 February there we will see sudden spike up in gold prices and after the spike up immediately we will see a spike down in gold prices till 7th February.
Final words & trading strategy
Short gold on 28th January ideally @1860-1875
After low is established we will see good rise in gold prices in February which I will discuss on 7th February
