Gold is retracing with the speed it went up, there can be opportunities to trade long at the value zone. The Weekly charts of GOLD ETF's are showing very high strength. There are possibilities to reach above the current high for immediate gains, grab the opportunity at it presents itself.
Strong retraction seen continuing, a region of 2200-2330 will be a suitable entry on GOLD ETF. Have a close watch.
ReplyDeleteGold market is forming a high range sideways pattern on the weekly charts. It is a sign of continuation of the bullish move with smaller increments in the profitable side.
ReplyDeleteBut there are chances for a long trade entry if Gold gives way to reach 2470-2340 range. Watch out for this move, if that comes through, hop in the bullish train of Gold and cash in the immediate bull run.
Specific entries and stops will be given at the rime of entry.