Gold Outlook: Gold continued this sideways movement from March-2017 within 1200$-1300$ range, Over all most of the moving averages and indicator are showing buy at this level but I preferred a Sell at this level 1290-1296 with stop-1302-1307 and Target-1270/1250/1220 and only a buy can be done when Gold does close above 1300 level on daily basis, Now a days inverse relations are not work properly with Gold and Index and Index are not showing that much level of bearishness so go with sell at this level for now.
Will cross 1309 successfully. Testing for the third time now.
atin28
⋅
@dhirajsabharwal28, completely agree but level trader must go for sell at this level for once, Since I have been trading this counter from 2012 its suits reactive theory much more than predictive, I will hope you will be right, seriously I wanted to be you right with buy. Happy trading