GOLD ... THE PRECIOUS METAL IS TRYING TO BREAK THE GOOD RESISTANCE ZONE ON THE UPSIDE.. but is rejected a few times.. This Zone is Always there From Past...The Dotted Lines Show..The Rising Channel.. The upside Scope is Much More.. but I think It may touch the Trendline Support Once Again and Then Move up Breaking this Resistance zone..
All these are Expectations.. and We may hope that.. Actually as a Precious Metal .. the Movement will solely depend on the Political and Economic Scenario in Europe and US..For Fresh Longs.. One Should Wait Patiently.. If Breaks the Resistance Zone here.. We Will Have Virtually No Limits on the upside.. Also the Downside Will be Limited to 1680 Level as per my View... It is a Multi Year Rising Channel and Breaking it Will not be Easy task.. ..Even if Breaks it.. It will again re-enter the Channel.. So Ultimately Buying on Every Downside is a Good Option... Those Who are Looking at a Longer Term View.. Upside Has no Limits.. So Be Prepared..
Finally SHORTERS & Traders.. SELL GOLD @ 1792-94 / SL 1810-20 / TP 1770 - 1740 - 1700 -1680 ... SL IS KEPT Above the Resistance Zone.. to be Secure.. Always Consider the RISK Before Entering the Trade.. and Remember This is Just a View.. Not a Trading Advise.. Read the Analysis Above carefully before entering the Trade..
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