Thursday, 3 March 2016

Gold Analysis 03-Mar-2016

04-Mar-2016

03-Mar-View failed and broken 1264. Still my view not changed.




CMP 1258.xx

As per the below chart, we are trading in expanded triangle. If my view is correct, I expect to see 11210-1191 again.







03-Mar-2016


CMP 1239.11

Resistances: 1254/1264
Supports: 1224/1211/1190

If gold resisted by 1254/1264, I expect to see 1191 again and further 1181, 1164, 1147.


Above 1264, this view is invalid.

Can sell at CMP with max sl 1264 for the above targets.
Trade at your risk. Read Disclaimer before making any trade decision.