TVC:GOLD   CFDs on Gold (US$ / OZ)
3
Gold (04.10.2016) fail to provide a breakout from $1248-1250 area & thus fall sharply towards $1308 support. However now on intraday basis support is broken & it will be very interesting to watch the next move. Either gold will retest/recover above support turned into resistance or fall will continue towards next support level around $1282 followed by $1265.

Tip : Go long if $1282 level or a reversal came above $1301 mark.

MCX levels -> S2(29810) S1(30200) cmp (30440) R1(30800) R2(31150)

Note - Above technical analysis is not a buy/sell recommendation.

Original post


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.