Gold for June 2-6 - Rakesh Chandra

Last week gold corrected much more that expected. This week Gold is expected to be volatile, since on the EOD basis, the upper end of the channel has not completely formed. So an upside is on the cards. Crossing above the weekly bullish level but within trading range.
The following are for the current week only:

Upwave (4-5) WUT3: 943
Upwave (2-3) WUT2 : 928
Upwave (0-1) WUT1: 905

Price is bullish above weekly pivot point 891.10; price is bearish below weekly pivot point 882.30.

Downwave (0-1) WLT1: 868;
Downwave (2-3) WLT2: 845;
Downwave (4-5) WLT3: 831.