Bias gold in the morning session today is Bullish to Bearish Momentum, where visible gold after confirming 1575 as Resistance range, then the gold would be potentially traded lower back up to the range of Support 1550.
Conversely, if gold traded higher return over the range 1575, and confirm the Support, the pair would be potentially traded higher up the range from 1590 to 1600.
GOLD has been traded to the Range 2.60 points, ie 15% of the Average Range 16.82, and traded down -0.15%, with high and Low -0.16 +0.01% from yesterday's closing.
Intraday Resistance 1575 - 1585
Intraday Support 1560 - 1550
have a nice trade
will it go down like yesterday? will t be better to sell at 1574, below resistance level? then what will be good target price?
ReplyDeleteplease dont ask like it. I'm just trying to analyze, and do not know everything, visit for more analysis and trading signals
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