GOLD | UPCOMING MOVE
GOLD has made a double top on 2070 area and following candle shows immediate reaction on double top pattern. We see the price drop sharply and top support from 1980 area. The price can remain in pressure and expected to come down to atleast 1880 area which will prove to be the buying opportinity in gold. On longer term gold has given a breakout from cup and handle pattern.
We remain buy on dip in gold as long as it is above the 1880 area.
Trade your levels accordingly.
GOLD has made a double top on 2070 area and following candle shows immediate reaction on double top pattern. We see the price drop sharply and top support from 1980 area. The price can remain in pressure and expected to come down to atleast 1880 area which will prove to be the buying opportinity in gold. On longer term gold has given a breakout from cup and handle pattern.
We remain buy on dip in gold as long as it is above the 1880 area.
Trade your levels accordingly.
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