I have received nearly 380 queries regarding GOLD in past 3-4 days, as usual all analysts finding the most probable downside targets for Gold and Most of the small traders are confused in the current situation.. Just Check the following chart :
I have mentioned 1222 in many of my Previous messages as a big time support, Below 1222... 1191-1188 will act as big support.. as of Now Gold is still in uptrend, No need to get confused and miss the opportunity, This is a Good Risk Reward Scenario.
BUY Trades can be initiated @ 1228 - 1230 levels with SL around 1224 and Take Profits at 1243 - 1260 and 1278 levels.
Trading Gold requires a good knowledge of commodity movements and enough trading capital to adjust the risk. Consult your Advisor and manage Risk Before entering trades.
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Nice Analysis and Signals
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