Resistance comes in at 1287, 1300-1305, 1309-1312, 1318-20, 1338-1342 and 1348-1350. A break above 1350 looks very unlikely now, though would see a resumption of the recent rally and a move towards 1400 and 1425.
Support comes in at the daily lows at 1272-1273, then 1268, 1260 and 1238. Below this 1215, 1207 and 1180 are the next support levels with a break of 1180 targeting 1156 and possibly much lower with 1050 our target if the decline accelerates through 1156.
Anyone looking to Sell Gold can do now Support comes in at the daily lows at 1272-1273, then 1268, 1260 and 1238. Below this 1215, 1207 and 1180 are the next support levels with a break of 1180 targeting 1156 and possibly much lower with 1050 our target if the decline accelerates through 1156.
but trail your stop (SL)1326!
or wait for 1310-1315 and then take Sell...
any level will work...
just make a plan in your mind for lower levels
to target 1277/1267/1255/1244/1235/1225 and so on...
Happy Hunting
==============================================
GOLD CURRENT TRADE
==============================================
BGT at 1275.46 stop 1266.00 On Aug 07
SL Was Moved to 1276 On Aug 08
TP1 1305
Was Closed At 1295 On Aug 08
==============================================
YOU SHOULD NOT TAKE ANY MATERIAL posted on this BLOG AS RECOMMENDATIONS
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
TO BUY OR SELL GOLD OR ANY OTHER INVESTMENT VEHICLE LISTED.
Do your own due diligence.
No one knows tomorrow's price or circumstance.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
I intend to portray my thoughts and ideas on the subject which may s be used as a tool for the reader.
I do not accept responsibility for being incorrect in my speculations on market trend.
King Regards
