Thursday 3 July 2014

Gold Intraday View 3-July-2014

11:03 AM: CMP 27580.
I expect Gold to move in this fashion.
Down Move: 27559, 27546-534. SL 27710.
Up Move: 600, 635, 660. SL 27480.
Down Move: 500, 384, 290. SL 27710.
Let us wait n watch, how this progresses.



Strategy Test Call.
Sell Gold on rise to 27650-670, SL 27710. TGT  27500, 27384,27290.
Made High 27634. Sold at 27630.

1:01pm buy gold between 548-520, SL 480/470, TGT 600, 630, 660.  CMP 548. TGT 600, 630 Achieved.

How Gold reached 27500? Check the chart here below: