GOLD COMEX DEC SETTLED $ 1306.20
Last week on friday gold drop down below 50 DMA to 1293..but after news of Ukraine rebound back 1306 before closing. The gold market has been in a range between 1280-1320 since JUN . If we look at the silver market fall but did not recovered with Yellow metal...look to sell gold for a re-test of friday low 1293 and may be down towards 1275-82 . As of now 1320-25 become a very powerfull resistence.
RECOMMENDATION : SELL ON RALLY..1305-1311 KEEPING SL 1325.60 FOR A TGT 1282
WEEKLY LEVEL
RESISTENCE 2 : 1337
RESISTANCE 1 : 1325
PIVOT. . . . . . . : 1307
SUPPORT 1 : 1291
SUPPORT 2 : 1276
MCX
R2: 28930
R1: 28770
PI : 28475
S1: 28200
S2: 27950
RECOMMENDATION
SELL ON RALLY..KEEPING TGT 28100-27950
INTRADAY TRADE MAY BE DIFFER...
Happy trading
Rahul Kumar
Bullion expert
Future trade
Join my trading room strictly for intraday trading..where we do trade in gold,silver,crude nd copper MCX/COMEX
(+91) 8193003476
email me : bestech30@gmail.com
Last week on friday gold drop down below 50 DMA to 1293..but after news of Ukraine rebound back 1306 before closing. The gold market has been in a range between 1280-1320 since JUN . If we look at the silver market fall but did not recovered with Yellow metal...look to sell gold for a re-test of friday low 1293 and may be down towards 1275-82 . As of now 1320-25 become a very powerfull resistence.
RECOMMENDATION : SELL ON RALLY..1305-1311 KEEPING SL 1325.60 FOR A TGT 1282
WEEKLY LEVEL
RESISTENCE 2 : 1337
RESISTANCE 1 : 1325
PIVOT. . . . . . . : 1307
SUPPORT 1 : 1291
SUPPORT 2 : 1276
MCX
R2: 28930
R1: 28770
PI : 28475
S1: 28200
S2: 27950
RECOMMENDATION
SELL ON RALLY..KEEPING TGT 28100-27950
INTRADAY TRADE MAY BE DIFFER...
Happy trading
Rahul Kumar
Bullion expert
Future trade
Join my trading room strictly for intraday trading..where we do trade in gold,silver,crude nd copper MCX/COMEX
(+91) 8193003476
email me : bestech30@gmail.com
No comments:
Post a Comment