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Gold: An insight

Yesterday, bears win the battle after Retail Sales data released. It was as per expectation , closes below 1868.95 level and finished its business at 1850.16.

For today’s session, which is currently traded around 1854,above 1851 or  more protective 1849.18 hold, bulls are  well capable to push up towards 1863-1866 resistance zone,before this, 1857 act as minor resistance.

This resistance zone would be selling opportunity for 1845.02/1839.05 or even 1831.79 support  zone and bears targets.

Only above 1869,market will be in bulls control and easily achieve 1882.55 , it’s not a preferred view right now ,but to win a battle, act accordingly would be the best strategy.

Trade your plan


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