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Tuesday, March 24, 2015

Gold - Daily / weekly Trend, Trading Levels & Strategy - 24 Mar 2015

Gold - XAUUSD  Weekly Trading Levels 

Best Buy & support @ 1159 Actual resistance & best short level 1169.90 (Current Supp) A break above 1180.80 upside targets @ 1204.8 - 1215.70, however a crack below 1148.20 downside capped @ 1124

Now @ 1187.20

Daily Trend - Bullish and has some more room left for upside targeting 1194 - 1199
Hence, maintain your buy position initiated yesterday @ 1182 for the said targets

Weekly - Trend - Weekly Trend is still facing resistance and it looks gold will come under selling pressure from 1199 & then drop to 1170 - 1160 before making its way towards 1248

Break Out level 1205 above that it confirms 1248 before that 1170 - 1160

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