Monday, 20 April 2015

Gold Positional View 20-Apr-2015

CMP 1199




As per my analysis, we are at the end of down move.

As long as supported by 1139, I expect to see some up side, Resistance 1287. And expecting reversal around 1245-1270 to complete the down move and expecting 1139/1095.

Supports: 1032-679 which is wave 4 of previous up trend. As per my view, Gold will take support in this region.


As per my Daily/H4  charts,

Resistance: 1225
Support:L 1183.
Will update my detailed analysis soon.