Gold may move sideways till Friday evening
If gold sustain above 26470 on daily closing basis then we are not far off from a big rally in GOLD in this month.....Similarly Silver will also rally....
Even if Gold break 26470 level then next support 26200-26100 zone......
Maximum down Gold can go is till 25800-25600+ zone ( to fill the gap on Daily chart) .....but I hope it will not fall so much and we might see rally from current level till 27830......That's why 26470 level is very important........But still there is lot more to come for upside rally.....
Let's see the Gold opening and daily movement on Monday......It will give more precise picture.
Small traders / day traders should keep strict SL of 26470 for any of their buy positions.....Positional trades can keep SL below 25500- and add more near 25600-25500 zone if it goes there
If gold sustain above 26470 on daily closing basis then we are not far off from a big rally in GOLD in this month.....Similarly Silver will also rally....
Even if Gold break 26470 level then next support 26200-26100 zone......
Maximum down Gold can go is till 25800-25600+ zone ( to fill the gap on Daily chart) .....but I hope it will not fall so much and we might see rally from current level till 27830......That's why 26470 level is very important........But still there is lot more to come for upside rally.....
Let's see the Gold opening and daily movement on Monday......It will give more precise picture.
Small traders / day traders should keep strict SL of 26470 for any of their buy positions.....Positional trades can keep SL below 25500- and add more near 25600-25500 zone if it goes there