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Friday, April 17, 2015

GOLD - XAUUSD - Intraday / Positional Call - 17 Apr 2015

Best Buy & Support @ 1196 Resistance @ 1201, A break above 1206 upside capped @ 1212.50 - 1216.60 - 1221.5, however a crack below 1190 downside capped @ 1180 - 1178

Now @ 1198 

Trend - Bullish 

Strategy - Buy Gold @ 1196, Average if get 1192 for target 1206 - 1212 as daily technical suggests room for upside.. Though Target extensions are 1216 - 1222 it's safe to exit @ 1212 as target 1182 - 1180 is still in focus as of monthly trend.. Above 1222 it's a different saga.


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