Gold in $ Term
Technically trend in gold is down but in between it may give pull back rallies.It has made a bottom at 1277.40 on 1st April,2014 and moving up,going up it may face resistance at 1305/1322/1336/1349/1363 and going down it will find support at 1281 / 1277.40/1230.80/1181.40/1179.40.The deep slide will begin if it stays below 1281 for 3-4 days.
REMARKS:- Long Term trend is down so the investment in gold may be avoided.The trader may go in for long and short trades at the appropriate levels with an adequate stop-loss.
Contact me for strategic guidance to enter and exit the trade
Technically trend in gold is down but in between it may give pull back rallies.It has made a bottom at 1277.40 on 1st April,2014 and moving up,going up it may face resistance at 1305/1322/1336/1349/1363 and going down it will find support at 1281 / 1277.40/1230.80/1181.40/1179.40.The deep slide will begin if it stays below 1281 for 3-4 days.
REMARKS:- Long Term trend is down so the investment in gold may be avoided.The trader may go in for long and short trades at the appropriate levels with an adequate stop-loss.
Contact me for strategic guidance to enter and exit the trade
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Thank you for sharing your views.