Gold Weekly Reviews
During the previous week ending 29th July 2016, Oil markets traded perfectly short as previously forecasted and even broke below a key support level 41.65. From the current chart set up, wave (c) is likely to continue to the lower side but should not go beyond 38.94. A clear breakout below with level will lead to further movements to the lower side. In the meantime, we are waiting for minor upward pullbacks towards 41.65 to give is low risk sell opportunities with an ideal target at 38.94 or even low to 33.39.