Sunday 9 November 2014

MCX GOLD Positional View 09-Nov-2014

CMP 25905.

Based on my monthly, weekly chart,
If Gold resisted by 35059, 29083, I expect to see 23550(23486), 22000(22100), 20000(19883) positionally.
Other targets: 19747, 17573, 16178, 14004.



Based on my Daily chart,
If Gold resisted by 27638, I expect to see 24700(24627), 23300(23197).
Other targets: 24627, 24246, 23864, 23555, 23197, 22649, 22149, 21863, 21267, 20457.



Based on my Hourly chart,
If gold supported by 25167, I expect to see 26110, 26401, 26690, 26911, 27103, 27638 (100%) on the upside.
Reversal from any of the above level, my first target is 25167.



Best level to enter sell is between 26900-27150.
Resistance: 27638.


Now,
Buyers SL 25150/25100. Targets: 26100, 26400, 26650, 26900, 27100
Seller SL 26650/700. Targets: 25167. Check my other targets in my positional View.

ANY MOVE BELOW 25167, upside view will be invalid n sell will continue.

As long as 27638 resists, my strategy is SELL ON RISE.

These are just my view. TRADE AT YOUR RISK!!!  Check Disclaimer


GOOD LUCK!!!