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
Comment:
Gold kissing the temporary support zone