FIGHT BETWEEN MOVING AVERAGES IN COMEX GOLD WEEKLY CHART

AS PER WEEKLY CHART GOLD HAD STRONG SUPPORT @1625 IF CLOSE BELOW IN WEEKLY CHART FALL WILL CONTINUE TO 1525

POSITIONAL TRADERS 

BUY GOLD ONLY ABOVE 1667 (CMP 1660) STOP 1625 TGT 1750

 

 

AS PER DAILY CHART GOLD HAD 3 HURDLES FOR BULLISH 

1. 1665

2.1685

3.1715

IF CROSS THESE 3 LEVELS THEN TGT 1750 

BUYERS 

BUY ABOVE 1667 (CMP 1662)  IF CROSS 1685 ADD1 MORE ANOTHER BUY ABOVE 1715 FOR THE TGT 1750 STOP 1625 

SELLERS

PLACE U R STRICT STOP @1667 & THE TGT 1625 & 1585

 

HISTORY WILL REPEAT IN WEEKLY CHART CRUDE ?

IF CRUDE CLOSE ABOVE 94 THEN TGT 103 & CLOSE ABOVE 103 IN WEEKLY CHART THEN TGT 108 MARKET IS BULLISH ONLY

 


IN DAILY CHART 5 TIMES TESTED 93.8 & FELL DOWN SHARPLY (93.80 STRONG RESISTANCE) IF CLOSE ABOVE 93.8 IN DAILY CHART THEN TGT 103

BUYERS 

BUY ABOVE 94 STOP BELOW 92.5  FOR THE TGT 103

SELLERS KEEP U R STRICT STOP @94