sell Gold CMP 47165 with SL of 47285 trgt 46750
Updated
sell Gold CMP 47165 with SL of 47285 trgt 46750
1 Gold rises after US CPI misses analysts’ estimates
2 Treasury yields fall, allowing bullion to advance
3 Markets may have overreacted to inflation miss
The 78.6% Fibonacci retracement level (1801.57) from the July/August move also gave way.
The 1834.14 level is a major potential resistance level if bulls advance.
1 Gold rises after US CPI misses analysts’ estimates
2 Treasury yields fall, allowing bullion to advance
3 Markets may have overreacted to inflation miss
The 78.6% Fibonacci retracement level (1801.57) from the July/August move also gave way.
The 1834.14 level is a major potential resistance level if bulls advance.
Trade closed: target reached
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