mantracommodity

Gold on final battle.

Long
mantracommodity Updated   
TVC:GOLD   CFDs on Gold (US$ / OZ)
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
Comment:
Gold kissing the temporary support zone

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