Limited Upside
Our Pivot: 1225
Our Preference: Buy above 1231 with strict stop loss of 1225 and target at 1237 and 1240.
Alternate Scenario: Downward penetration of 1225 will call for 1220 and 1217.
NOTE: Gold price are in further downward move but right now its getting support from a rising trend line along with its 61.8% intra-day correction so a tight spike expected in gold price so it can be beneficial to buy from given prices and hold till 1237 and 1240. from 1240 it can be short sold again towards 1217.
Chart with Supports and Resistances:
0 Comments
No comments yet. Be the first to comment!
Please log in to leave a comment.