As per my technical analysis,
Supports for Gold are: 1245.68, 1240.22, 1182.46, 1180.16.
Positional Targets: 1514.60, 1589.86
Now I expect a retracement. Retracement levels are: 1275.61, 1269.86, 1265.22, 1260.67, 1257.14, 1245.63. Any reversal from these levels, my 1st tgt is 1284.81.
Sell SL: 1285.
Buy SL: 1245.
Positional Buy Stop Loss: 1240/1235. This buy call is valid as long as these levels supports.
Best sell entry: 1277-81. Note: This is retracement call and risky. This will be in place as long as 1285 holds resistance. Above 1285 buy.
My Sell Target is 1265.88-1267 with SL 1285. Gold Achieved 1265.8
I expect gold to reach 1284 before any move below 1245.
Let us see how this is going to progress. As long as 1245 holds support, calls will be generated based on these charts.
Supports for Gold are: 1245.68, 1240.22, 1182.46, 1180.16.
Positional Targets: 1514.60, 1589.86
Now I expect a retracement. Retracement levels are: 1275.61, 1269.86, 1265.22, 1260.67, 1257.14, 1245.63. Any reversal from these levels, my 1st tgt is 1284.81.
Sell SL: 1285.
Buy SL: 1245.
Positional Buy Stop Loss: 1240/1235. This buy call is valid as long as these levels supports.
Best sell entry: 1277-81. Note: This is retracement call and risky. This will be in place as long as 1285 holds resistance. Above 1285 buy.
My Sell Target is 1265.88-1267 with SL 1285. Gold Achieved 1265.8
I expect gold to reach 1284 before any move below 1245.
Let us see how this is going to progress. As long as 1245 holds support, calls will be generated based on these charts.
