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Sell On High---
XAUUSD Technical Overview:
Key Resistance: 1184.55 - 1188.20 - 1192.89 - 1196.48
Key Support: 1180.23 - 1176.45 - 1174.88 - 1171.43
RSI: The indicator having bullish divergence but moving under 50 level near to oversold condition.
Moving Average: CMP 1182 Price moving under Simple moving average 100 & 55, sign for more ...
Long above the green line for a 5% upmove in gold.
Short below the red line for a 5% downmove similarly in gold.
Gold to remain bearish, long term target 850 - 900.
1282 till 25 april 2017
Short Gold between 1288-1289 with an sl at 1306.80 for target 1200
7th January 14:30 HOURS - IST
GOLD RALLIES TO 1185-1190-1195 to find Resistance and helpful to Short to upto of 1160-1165.
Traders may keep Stop Loss above 1198
Already In 1349.70 EOD call Option