5 April 2018

GOLD TRADING LEVELS FOR 06 APRIL 2018

YESTERDAY'S  CALL UPDATE:
GOLD sell CALL HIT FIRST TGT 30600 !!

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Gold:Gold trading range for the day is 31000-30450. Gold is getting support at 30550 and below same could see a test of 30450 level, And resistance is now likely to be seen at 30800, a move above could see prices testing 31000. Gold is trading into negative zone .On the daily chart. Gold price slipped from highs and sustained below 21EMA; which indicate selling pressure in the counter. On the other hand, 4hourly COMEX Gold price has retreated from 61.8% retracement level. Moreover, RSI & MACD has turned back from high and shown negative crossover on daily chart. So, we expect sideways move in MCX Gold for upcoming days.
           
R2
R1
S1
S2
TREND

GOLD
31000
30800
30550
30450
SIDEWAYS

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