fbpx
HomeBusinessGold may fall down to 1828.05

Gold may fall down to 1828.05

Expect volatility continues till tomorrow due to option expiry, in today’s session

Selling pressure may be seen either 1851.67/1853.59 or 1856.27/1857.76.

One can go short at these levels with stop above 1860.37, downside our expectation would be 1836.22/1828.05.

Upside reversal at 1828.05 may be seen, but have eye on today’s close as if able to close above 1843.31 then hold long position. Unable to closes above this level then 1805 will be ideal target, which I mentioned in previous article, ‘’The Battle continues at 1868.95’’.

Conclusion: [email protected] add more 1856.27 stop 1858.85 T 1836.22/1828.05     

Most Popular

RELATED ARTICLES

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...