As I thought before that Gold may test 28477 level , it did ....
I bought small quantity at 28740 and 28700 but my SL 28670 hit and Gold tumbled to 28450....I bought again at 28470 levels ....
Now I expect Gold to go up till 28800-28900 levels first.....
Here is how I would play this....as I am expecting bounce back from any levels below 28400....
I will buy till 28300 ....below this Gold can go till 28040-28080 zone ....break will see 27830+ levels ( as on monthly chart it broke resistance at 27833 , so it may test this level again..)....So I will sell for these targets ....but I will sell small quantity and book quick profits....
Gold is still in uptrend in Daily and weekly chart.....4 Hr chart is showing Down trend....15 min chart will turn positive if we get close above 28670 ( 15 min closing)....Then I expect that Gold might continue its uptrend for much higher TGT if it break 29340 .....I will sell small but buy big quantity....
But for sure there will be enough for sellers and buyers in both ways till it break 30200 level again....Gold will form Zig Zag patters ....
For any queries please call for free advice....
I bought small quantity at 28740 and 28700 but my SL 28670 hit and Gold tumbled to 28450....I bought again at 28470 levels ....
Now I expect Gold to go up till 28800-28900 levels first.....
Here is how I would play this....as I am expecting bounce back from any levels below 28400....
I will buy till 28300 ....below this Gold can go till 28040-28080 zone ....break will see 27830+ levels ( as on monthly chart it broke resistance at 27833 , so it may test this level again..)....So I will sell for these targets ....but I will sell small quantity and book quick profits....
Gold is still in uptrend in Daily and weekly chart.....4 Hr chart is showing Down trend....15 min chart will turn positive if we get close above 28670 ( 15 min closing)....Then I expect that Gold might continue its uptrend for much higher TGT if it break 29340 .....I will sell small but buy big quantity....
But for sure there will be enough for sellers and buyers in both ways till it break 30200 level again....Gold will form Zig Zag patters ....
For any queries please call for free advice....