Gold on final battle.
Updated
Gold (26.09.2016) is trapped in triangle range for more than 12 weeks now. However the movement could be considered as consolidation after a big run from $1040 mark. Gold again approaching to the upper descending trend line & this could be the final final move. A break above $1348-1350 area will open door for $1375 mark initially.
Tip : Buy above $1350 mark for target $1375 with sl below $1318
MCX levels -> S2(30680) S1(31020) cmp(31320) R1(31600) R2(32100)
Note - Above technical analysis is not a buy/sell recommendation.
Original posthttp://mantracommodity.blogspot.in/2012/07/gold.html
Tip : Buy above $1350 mark for target $1375 with sl below $1318
MCX levels -> S2(30680) S1(31020) cmp(31320) R1(31600) R2(32100)
Note - Above technical analysis is not a buy/sell recommendation.
Original posthttp://mantracommodity.blogspot.in/2012/07/gold.html
Note
Gold kissing the temporary support zone
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.