weekly buy CALL UPDATE:
GOLD HIT TGT 30700 MADE LOW OF 30716!!!
FOR FREE MCX/ NIFTY/FUTURE/OPTION TIPS FILL UP THE FORM HERE>>>>>
Gold: Gold has slipped lower on Thursday after
a long bullish moves as traders are
cautious to carry a positions for long
weekend due to uncertain conditions
between the U.S and China. COMEX Gold
price has retreated from upper trend
line; which act as resistance zone for the
prices. Moreover, COMEX Gold has
formed bearish engulfing formation and
moved lower on daily chart; which is a
bearish reversal. So we expect bearish move in MCX
Gold for upcoming days.
Gold trading range for the day is 30450-30850. Gold is getting support at 30600 and below same could see a test of 30450 level, And resistance is now likely to be seen at 30750, a move above could see prices testing 30850. Gold is trading into negative zone and traders can hold short positions until Gold closes above 30750 levels. Traders can initiate short positions on every rise until Gold closes above 30750 levels.
Gold trading range for the day is 30450-30850. Gold is getting support at 30600 and below same could see a test of 30450 level, And resistance is now likely to be seen at 30750, a move above could see prices testing 30850. Gold is trading into negative zone and traders can hold short positions until Gold closes above 30750 levels. Traders can initiate short positions on every rise until Gold closes above 30750 levels.
R2
|
R1
|
S1
|
S2
|
TREND
| ||
GOLD
|
30850
|
30750
|
30600
|
30450
|
SIDEWAYS
|
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