After a long time trend line breakout near 1279 levels price recorded high of 1296 levels and sharply reversed from the top & recorded low 1240.71 near Fibonacci 50%. Its good indication that traders can buy from current levels(1250) or in the range of 1246 to 1250 levels with stoploss below 1236 levels. As per my view short term profit booking will be seen near 1297 to 1302 levels, If price survives anything above 1302 with volumes gold trend will be completely bullish till 1350 levels. For more updates on Gold stay update with my analysis
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Disclaimer*
I had shared my perception on my technical awareness and I post it for educational purpose only before investing or trading on my analysis reports please do your own research & trade with Risk management strategy.
Happy Trading
Feel free to ask me
Disclaimer*
I had shared my perception on my technical awareness and I post it for educational purpose only before investing or trading on my analysis reports please do your own research & trade with Risk management strategy.