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Short Gold between 1288-1289 with an sl at 1306.80 for target 1200
Resistance level 1229. which is again strong sell of region.
Entry 1229 with SL 1236
target 1152 , 1125
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
MACD giving a positive divergence and Gold is also looking oversold in terms of the distance from the 200DMA. Good chance that we get a solid rally. Good mean reversion at play here.
Already In 1349.70 EOD call Option