Gold Looks like forming forming the corrective Diagonal as per consolidations outlook.
We are Still neutral on Gold but slightly Bullish at the moment.
We will keep Our view Bullish until 1060 safe.
We believe that price will break the Traingle from upside and price will visit the pshychological Number 1100.
At That 1100 level we will terminate our corrections or may be price go little more up near 1120 but should move near 1100 atleast.
Its just and just matter of time when we will see next up moves as Fresh surprises to the investors and public who are holding shorts in Gold.
We are on weekly and long term scale as Bearish for target 1000.
At the moment we are Bullish and we will change our view upon clear breakdown of 1060 level.
Trading recomendations :
Find buy Opportunties between 1067-1073 Stop been at 1065 or 1062 Target will be 1080 1090 and then 1100 LeveL
Be strict in choosing lot sizes as this is December.
We are Still neutral on Gold but slightly Bullish at the moment.
We will keep Our view Bullish until 1060 safe.
We believe that price will break the Traingle from upside and price will visit the pshychological Number 1100.
At That 1100 level we will terminate our corrections or may be price go little more up near 1120 but should move near 1100 atleast.
Its just and just matter of time when we will see next up moves as Fresh surprises to the investors and public who are holding shorts in Gold.
We are on weekly and long term scale as Bearish for target 1000.
At the moment we are Bullish and we will change our view upon clear breakdown of 1060 level.
Trading recomendations :
Find buy Opportunties between 1067-1073 Stop been at 1065 or 1062 Target will be 1080 1090 and then 1100 LeveL
Be strict in choosing lot sizes as this is December.