19-Feb-2016
CMP 1227.46$
SUPPORT ZONE: 1033-680
Supports:1046
Resistances:1264/1385
Main scenario:
As per my Weekly analysis, If gold resisted by 1264, I expect to see 1013, 954, 917 to complete this down move.
If you note on the below chart, Gold done complex correction and topped at 1263 as wave Y.
As per my present view, If gold resisted by 1240/1264, I expect to see down move, 1191 first and further, 1168, 1141 1123, 1113.
Let us see how this progress.
Previous analysis:
http://rajmarketresearchanalysis.blogspot.in/2016/02/gold-analysis-18-feb-2016.html
This analysis is for study purpose only.
Read Disclaimer always before taking any trading decision.
All ther best.
CMP 1227.46$
SUPPORT ZONE: 1033-680
Supports:1046
Resistances:1264/1385
Main scenario:
As per my Weekly analysis, If gold resisted by 1264, I expect to see 1013, 954, 917 to complete this down move.
If you note on the below chart, Gold done complex correction and topped at 1263 as wave Y.
As per my present view, If gold resisted by 1240/1264, I expect to see down move, 1191 first and further, 1168, 1141 1123, 1113.
Present View
Alternate scenario:
If we are in complex correction and if 1046 is the end of wave W, we can expect upside correction towards 1252, 1380, 1482 on the upside.
Trade Idea:
Sell Gold at cmp 1226 with max SL 1241/1265 for 1191, 1168, 1141 1123, 1113Let us see how this progress.
Previous analysis:
http://rajmarketresearchanalysis.blogspot.in/2016/02/gold-analysis-18-feb-2016.html
This analysis is for study purpose only.
Read Disclaimer always before taking any trading decision.
All ther best.
