Weekly Analysis Gold continous contract

GOLD FUTURE - CONTINOUS CONTRACT

For the swing of 1256 - 1161, gold has completed 50% retracement last week.

This week will decide the future movement of gold.

Readers should watch for two levels. As simple as that.

1211 is the short level.

1229 is the stoploss level.

Short targets will be 1183, 1155 and 1133 .

On the upside, targets will be 1240, 1260 and 1300.

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NEXT: Weekly outlook nifty future

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.

Weekly Analysis Gold continous contract

GOLD FUTURE

For the week ahead Gold future will have resistance at 1197$.

Above 1201, Gold will move to 1208 and 1215.

1182 is support level for gold.

1176 is break down level.

Break and trade below this level will lead to 1165, 1158 and 1145.

NEXT: NIFTY FUTURE WEEKLY OUTLOOK

Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.