WEEKLY TRADING LEVELS
BEST BUY & SUPP @ 1763 ACTUAL RESIS & BEST SHORT LEVEL IS 1778 (CURRENT SUPP) ; A BREAK ABOVE 1808 CONFIRMS UPSIDE TGT 1829.90/1845.80 ; HOWEVER A CRACK BELOW 1752 DOWNSIDE TGT IS 1712/1696
Gold Daily Trend (FOR MONDAY SESSION)
The leading indicator Fast sco above the resis zone & Slow Sco is also taking support just above the support zone & trying to take support…But CCI is facing resistance so that can put a break for sharp upside move…
Weekly Trend
The indicators & Patterns are convincing that bull has a Upper Hand
Monthly Trend
Here comes the real problem for Bulls ..As I have mentioned in ma article GOLD USD1226 ? That Traders need to see things in a broader perspective right now in the present scenario & not just around them ..& Monthly Trend is Convincing that The Damage Which has already been done by cracking below 1600 & testing 1520 levels ..And now our one more strategy the“GAP FILLING” is set to unfold ..because there is all needed ingredients.
Trading Strategy
The daily technicals are showing a upside trend for the crowd .. So there is less probability for gold to test our best buy & supp1763 On mBut there we may get opportunity if wanted to build long positions @ 1778 – 1772 for tgt 1824/1836
**GOLD IS EXPOSED TO 1712$ ALSO BECAUSE THE MONTHLY PATTERN DAMAGE HAS ALREADY HAPPENED & THAT IS THE ONLY REASON TO PUT PRESSURE ON PRICES TO RETEST 1712 LEVELS..IF THAT HAPPENS THEN IT IS ALSO A INDICATION THAT 1226 IS SOME WHERE AROUND THE CORNER…AND ALSO STRONG DOLLAR CAN ALSO BE PLAY A SPOIL SPORT FOR THE BULLS**
***MONTHLY trend & view may change anytime as per market situation & PREMIUM members will be informed**
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