Gold - Plausible 1350-1375 Upside Zone Next
Updated
19:25 Hrs 17th Sep 2018
Last Price@1205.5
Important Resistance Zone - 1205 -1210 $
Since 2016 lows at 1045$, it has been moving in choppy fashion sideways and we are looking for higher moves next on long term basis – target zone of 1350-1375 which could be plausible within time period of 7-9 months ahead.
Short Term Strategy-
07:45 Hrs 17th Sep 2018
Last Price-1199 $
Plan A
Any push upside to 1200-1205 $ Range could be used to sell on short term basis with strict stops above 1210$ & downside target shall be 1195 & 1189$
Later once you get a fall in desired zone below 1190$ from 1200-1205 range –it could be used by risky traders to shift in the bull camp for higher targets as mentioned in long term strategy & most likely gets confirmed once it starts moving above 1210$
Safe Traders who want to trade gold on long side- should wait for prices to cross above 1210 & hold above 1205 for higher targets upside.
Long Term Strategy
Plan B
Any sustained move above 1210$ can be early sign for upside target of 1300 & 1350$ in days & months to come ahead.
Last Price@1205.5
Important Resistance Zone - 1205 -1210 $
Since 2016 lows at 1045$, it has been moving in choppy fashion sideways and we are looking for higher moves next on long term basis – target zone of 1350-1375 which could be plausible within time period of 7-9 months ahead.
Short Term Strategy-
07:45 Hrs 17th Sep 2018
Last Price-1199 $
Plan A
Any push upside to 1200-1205 $ Range could be used to sell on short term basis with strict stops above 1210$ & downside target shall be 1195 & 1189$
Later once you get a fall in desired zone below 1190$ from 1200-1205 range –it could be used by risky traders to shift in the bull camp for higher targets as mentioned in long term strategy & most likely gets confirmed once it starts moving above 1210$
Safe Traders who want to trade gold on long side- should wait for prices to cross above 1210 & hold above 1205 for higher targets upside.
Long Term Strategy
Plan B
Any sustained move above 1210$ can be early sign for upside target of 1300 & 1350$ in days & months to come ahead.
Trade active
07:20 Hrs 18th Sep 2018Last Price@1202.5$
Falling Exactly from 1210 $ - Wow!
Trade active
18:41 Hrs 20th Dec 2018Last Price@1257$
As expected
Best Regards,
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
Abhishek H. Singh
Growth Director - TradingView India
YouTube Channel youtube.com/channel/UCYcnYveYBNLD-Qp54hvZogw
Twitter Handle
twitter.com/TalksWave
Telegram Handle
(Deleted)
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