Gold Spot / U.S. DollarUpdated Gold may lose it's shining
Gold has reached it's resistance zone and making rising wedge on daily chart pattern. If breaking wedge support line, one can go for short trade.
However it may attempt to break the hurdle resistance zone; If breaking upper resistance line can go for long. Confirmation must be required for initiating this trade.
However it may attempt to break the hurdle resistance zone; If breaking upper resistance line can go for long. Confirmation must be required for initiating this trade.
Note
Gold not giving upNote
first attempt towards upsideNote
Above 1300$ shall initiate buy wait and watch mode nowTrade active
Note
Targets 1340Trade active
Note
Ramping upTrade active
Trade closed: target reached
Note
Fresh buy gold at CMP for target of recent highNote
RR is goodNote
Buy above 1300. SL 1280Trade active
Trade active
Trade active
Trade active
Trade closed: stop reached
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