Technical Outlook and Chart Setups:
The yellow metal consolidates further. The support band is around 1,715/20 levels, while resistance band remains at 1,735/40 levels. It is recommended to buy aggressively on a break higher 1,735 level. Support region extends till 1,700/1,695 levels and further buying is recommended there. Further resistance is lined up through 1,750/60, 1,785, and 1,790 levels and bulls are expected to break past those comfortably. Higher from here on.
Trading Recommendations:
Hold on to long positions taken earlier, buy on dips, stop at 1,680, and target open.
The material has been provided by Instaforex Company - instaforex.com
For detail explanation and best discovery on market trends you may visit via Gold Consolidation Continues. Bullish Break Expected Soon . Thanks for your support on Gold Consolidation Continues. Bullish Break Expected Soon
No comments:
Post a Comment