Buy Above :- 67860,(Above resistance Area)
SL:- 66300 (Bellow Major support)
Targets : T1:- 68380,
1. Please book your Targets near the points not at exact levels.
2. Stop loss should & must be there. Once the price level cross the T1 and sustain, you may trail your SL on entry price i.e.67860 to...
Gold Gave a beautiful bull Pennant breakout a few days back and Currently in the consolidation mode. Theoretically, it should repeat the similar move(which it gave from 1275-1425) after this consolidation which will probably lead it toward 1520-1550 range.
There is no trend, it is NK225 that goes between 22000 and 23000 range.
However, it is still difficult to understand price movements.
I think that there is no problem by doing both trading and selling.
<< tactics >>
1) MPP (P) 22372.6 can be recognized as functioning.
There is WePP (S1) 22195.6 on the way, but thought to penetrate, it limits above...