GOLD - Next week levels.

2020年8月16日

Refer the chart for detailed analysis ;

Gold is expected to be in a range of 1940 to 1970 for the next few sessions.
Deciding level is 1974 above that it can move up to the immediate target range of 2020 & further strength can take it up to 2066 around.
As long as it's sustaining below 1974 the approach should be SELL ON RISE, Keeping 1976 as a stop loss level for the downside target 1866-1860 around, further decline can take it up to 1814 level.

For now wait for the gold to give a bit strong upside momentum to find an opportunity to go for short sell close to the stop loss level.
Trade with the levels mentioned above. , Meanwhile during live market I will keep updating about DAY TRADE VIEW so stay tuned.

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