Gold in Distribution Phase - Rakesh Chandra

Here is the Gold daily chart analysis. We are moving toward the 5th up wave on the daily chart. Currently 5 th up progression is on and we cannot deny some upside above (b) point. But it is doubtful so Gold is in a distribution phase.

With weekly stoplos 924, Buy above 932.01 for weekly target 945>>966>>>979.

With stoploss 932 Short below 923.95 for weekly lower target 911>>890>>>877.