DAILY GOLD TECHNICAL TREND POWERED BY : RAHUL KUMAR (Daily trades recommendation includes entry, stop and target with a technical analyzed chart: call now +91 8193003476)
GOLD TREND FOR THE WEEK STARTING 20 APR 2015
Gold comex GCM15 (JUN) settled @ 1203.30 on last Friday...
During the last three weeks, whn I was posted my last updated and recommendation...GOLD market moving in between range 1180-1220. This improvement of the technical situation seen in weekly time frame is endorsing the expectation of another upleg. The shortterm momentum has turned upward sharply now.
Technically, again the high of the first half for the year 2015 should hit in April or May 1st week. The main resistence 1244-50 ( My target for buyers) for this upleg if break and sustain above 1224 till the weekend.
Weekly level
R2 : 1224
R1 : 1212
P : 1200
S1 : 1189
S2 : 1178
RECOMMENDATION : BUY ON DIP WITH STOP 1188 ( Trade only mini contract as there is one mini contract available for future 33 Ozs)
Happy trading
Rahul Kumar
Bullion expert
HFBC
+91 8193003476
During the last three weeks, whn I was posted my last updated and recommendation...GOLD market moving in between range 1180-1220. This improvement of the technical situation seen in weekly time frame is endorsing the expectation of another upleg. The shortterm momentum has turned upward sharply now.
Technically, again the high of the first half for the year 2015 should hit in April or May 1st week. The main resistence 1244-50 ( My target for buyers) for this upleg if break and sustain above 1224 till the weekend.
Weekly level
R2 : 1224
R1 : 1212
P : 1200
S1 : 1189
S2 : 1178
RECOMMENDATION : BUY ON DIP WITH STOP 1188 ( Trade only mini contract as there is one mini contract available for future 33 Ozs)
Happy trading
Rahul Kumar
Bullion expert
HFBC
+91 8193003476
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