Monday 1 June 2015

Gold Positional Analysis 01-Jun-2015

CMP 1189.80.
Supports: 1180/1170/1142
Resistance: 1233

Based on my Daily Chart,
As long as Gold Supported by 1142/1170, I expect to see 1225, 1232, 1244/1247, 1256/1259.


If Gold supported by 1180 I expect to see [1198], 1201, 1203, [1206], 1211, [1219].

Upside targets: [1198], 1201, 1203, [1206], 1211, [1219], 1225/1227, 1232/1234, 1244/1247, 1251, 1256/1259.

Trade Ideas:
1. Buy Gold at cmp 1189.80, SL 1185/1180(max) for [1198], 1201, 1203, [1206], 1211, [1219], 1225/1227, 1232/1234, 1244/1247, 1251, 1256/1259.

2. ADVANCED VIEW: Sell Gold between 1240-1260, SL 1308, TGTs: 1180, 1155, 1134, 1089. 1055. (This view will be updated when Gold reaches here).

TRADE AT YOUR RISK. READ DISCLAIMER BEFORE TAKING DECISION.