Tuesday, 8 July 2014

MCX Gold View 8-July-2014

Now I expect gold to make a small down move and then a up move.
Sell on rise for big targets, buy on dips for small targets. This is my strategy as of now. Sellers stop loss 27975/28000. Buyers stop loss 27350/325.
Downside retracement Levels: 27431[completed], 27298, 27105, 26848, 26591, 26396, 26270, 25755 (100%. My ideal target is 27068.
Upside Retracement Levels:  27528, 27606, 27670, 27734, 27824, 27940(100%). My ideal target is 27715.

Below 27350 Gold is Weak.
Above 27950 Gold is Strong.