Friday 5 September 2014

Gold Positional View 05-Sep-2014

Based on Daily Chart, the retracement levels of Gold with base support at 25950 are: 28431, 27889, 27519 (done), 27150, 26874, 26624, 25951(100%).





Based on 1H chart, If Gold restricted by 28178, 27704, 27632, we will see 27368, 26900-26800.






Small targets: 27368, 27181-27100-27050, [26900-26800], 26650-26500, 26400-26300, 25100.


Resistances: 27632, 27704.
Support 25950.



Positional reversal points: 26870-26800, 26500, 26000

If 25950 supports and Any reversal from the above levels, we will see first 29000.


Other Positional Upside targets: 29819, 30281, [30900-31014], 31468, 32218, 32952.