HomeBusinessGold favor pullback

Gold favor pullback

Short term trend meet weekly resistance at 1872 area,now Gold is in pullback mood.Big wick suggest shooting rebound has outside and inside bar candles formed.

Its indicate bull/bear fight,under 1872,odd favor pullback attempt towards 1828.

For today if able to overcome 1863 level then only buyers gain confidence and gold may go up to 1882.

Happy Weekend.

Most Popular


What in a store for Gold: December’21

After analyze Daily chart for month of Dec’21 through our proprietary calculation method, determine that it will trade with 141 points move, between the...

Risk Management: Important Ingredients When Trading

If you fail to respect risk, you will have a very short trading career. “Don’t focus on making money; focus on protecting what you have.”...

Gold Update: Short Term

As Friday quick downward reaction from our first resistance 1815,is not a bullish price action behavior, so one can exited  long at cost for...