Caution
Our Pivot: 1726
Our Preference: Short sell Gold below 1692.50 with strict stop loss of 1700 and profit target at 1681 with extension towards 1675.
Alternate Scenario: Upward penetration of 1700 will call for 1712 and 1726.
NOTE: Gold is being caged in a descending wedge and moving aside its supportive trend line, a sharp pull back could be witnessed after a dip before 1664 therefore its recommended to stay cautious.
Chart with supports & resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.