Gold prices ticked down in early Asian Session, Placed low 1246.10. Yesterday, this metal was range bound but closed with bearish signal. Strong bullish sentiments are founded above the price level 1235. Gold placed low 1182.92 on 6th October, test the weekly bullish trend line and going target 1265 today. It seems that this metal will try to cross the border of 1300/oz in coming days.
Technically this metal is in bullish trend for day trading, take an eye on…Continue
Gold prices ticked up in early Asian Session, this metal is strongly supported above the price level 1237. The yellow metal gained more than 70 dollars in two weeks, as I mentioned in my blogs that 1182 is a strong bullish point for this metal. Strong bullish trend line can be seen in weekly graph. The expected target for this metal is 1265. This metal is facing resistance near 1265 level in form of a tred line and the ichimoku resistnace in daily…Continue
Gold prices moved between small gains losses in early Asian Session. The last week was a profitable week, this metal showed an outstanding move. Gold has gained more than 68 dollars in last two weeks.
Buy near 1236, Expected Tragets 1245, Stop Loss 1230 , sell stop 1229.
GOLD Technical Analysis and Trading Recommendations as on 17 -10-2014
Gold prices ticked up in early Asian Session, Placed high 1240 but consolidated below the 3rd resistance level for day trading. Gold placed Low 1182.92 on 6th October but the bulls showed a great interest there, this metal rebound and placed high 1208.73 on the same day. The yellow metal is strongly supported above the price level 1234 for day trading.
Buy near 1239,…