Kautilya_Sharma

Gold Long: At a very crucial level

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
One can start accumulating Gold here at this level. It has retraced to 38% from the March lows. Also, the area is a support area . The RSI is also forming a falling wedge .

Comments

Strong bounce from the mentioned levels.😀
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yes if breaks 44k then next stop will be 42.5k..,but chances are very low, waiting for the 1st sign of reversal as it is making lower low on a smaller time frame
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Kautilya_Sharma N50-ANALYST
@N50-ANALYST, Yes
Also, many economists are long on Gold due to inflation ahead.
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N50-ANALYST N50-ANALYST
@Kautilya_Sharma ya i m aware of this
+1 Reply
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