Two Charts Attached

Gold-Elliott Waves

Gold Averages-Moving Average Set up

Lets See First Elliott Waves Prospective

Primary Degree wave since 2004

wave 3rd was Normal wave because it end at 0.618% extension

so the 5th wave extended and vary close to 3.618% which is at 29500

wave 2 and wave 4 both corrected 50%

price is exactly respecting Fibonacci Levels

Lets See Moving Average Set Up

from 2005 three moving average has given Golden Cross Over which are 34-144-233 days

i have shown in the  box when it has given buy signal and once it has consolidated in 2007 and started bull market

so as long as this set up is holding one can expect consolidation or up trend continue

but if this trend turns negative after 7 years then we have to believe that primary degree over and super cycle degree wave 1 top made and correction is set for super cycle degree wave 2

so as long as moving average is holding firm bulls enjoy bull trend but first signal to start of bear market will be when short term(34 days)-Intermediate(144 days)-long term(233 days) average turn in to Golden death and  this will indicate bear market start -primary degree and super cycle degree 1 over and correction may happen till 20300-17500-14700 or may be even dip

it is batter we don't try to find out the bottom of super cycle degree wave 2 at this point of time

Note-one should not expect that gold has made top and will see big correction and  moving average bull market set up dosent turn in to bear market set up we have to believe bull market is continue

Gold-Elliott Waves

Gold Averages-Moving Average Set up

Thanks And Regards

Nishesh Jani

Professional Trader & Investor

SILVER MCX

lower top and lower bottom

rounding top

3 consecutive+plus weekly close below 45824 free fall target 33260

my clients already short below 52200

GOLD MCX

rectangle on daily chart

monthly chart "BEARISH ENGULFING" pattern at the top

3 consecutive+weekly close below 27000 free fall target 22000

my clients sold at 27669

SILVER DAILY CHART-

cheating on chart and triangle formation
big blast on up side will be seen

MCX GOLD book profit of 17000 in mini gold and 170000 in main lot

see power of charts below how entry and exit make money

GOLD+SILVER CALL

gold buy at 26900 now 27900

silver buy at 55000 now 58000

positional calls/yearly fess 5000

9227065762

www.janibrothers.in

Thanks And Regards

Nishesh Jani