GOLD - Weekly Chart Profit Booking

10月25日

Gold seems to have completed the Rounding bottom pattern target on the upside.. Profit booking could be seen.. trail with strict SL

7天前

交易开始

GOLD 4 hr chat = CMP 2557



Price fell one way from 2800 to 2550 levels now..

Price is currently almost at the support/halt/confluence zone

FIB levels at between 50 and 60%

Previous consolidation resistance at 2530 ( now turns support)

AVWAP from the lows are now placed at 2537

If short, it is better to book out and wait for a bounce.. But Fresh shorts are not advisable here..

This is't a buy call.. One can play the bounce for short term trade.. but more pain ahead