Gold after a good rally consolidate in the form of bullish flag. Now it's time to breakout.
Breakout above 66000
target will be 69500-69600
stop loss 65400
A clear uptrend is very likely to begin.
Put Stoploss will on closing basis.
(In Trading Time it may go above/below stoploss But closing price is most important). These are levels are generated on the basis on Fibonacci Series
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Gold has taken breakout from Bullish Triangle . Go with the trend,
Trade closed manually
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very high volatility. So book profit whatever is left. wait for the consolidation or correction to buy.
Comment
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In Dollar terms $90-$100 In Rupees Terms Rs.64100-64200 will be very good levels for buying in partial qty. in a staggered way.