Gold Spot Made Triangle wave breakout , Below $1234, We See $1180??????? – MCX Entery only For PAID.
Trade With 1000—5000 Lots
The Real Commodity Guru Neal Bhai
Technical Power of CFA’s
(CHARTRED FINANCE ANALYST)
“No Magic, No Miracle, Just Power of Level”
Neal Bhai Reports (NBR) By CFA’s and MFA’s Technical Team
Mobile No. 9582247600 & 9899900589
The main trend is down according to the daily swing chart. A trade through $1236.20 will signal a resumption of the downtrend. This could trigger a further break into the July 7, 2017 main bottom at $1230.70. The main trend will change to up on a trade through $1266.90.
The short-term range is $1266.90 to $1236.20. Its 50% level or pivot at $1251.60 is the first upside target.
The intermediate range is $1274.40 to $1236.20. Its 50% level at $1255.30 is the next upside target. Since the main trend is down, we’re likely to see sellers on a test of $1251.60 to $1255.30.
The main range $1313.00 to $1236.20. If the trend changes to up then look for the rally to extend into its retracement zone at $1274.60 to $1283.70.
