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.
Cheers..Happy trading ! Trader if you liked my analysis hit the like button, share the link with your fellow trader friends and do write in the comment section if you want to discuss anything regarding this trade analysis.
Thanks
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.
Cheers..Happy trading ! Trader if you liked my analysis hit the like button, share the link with your fellow trader friends and do write in the comment section if you want to discuss anything regarding this trade analysis.
Thanks
