MARKET OVERVIEW
COMEX Gold is in a technically consolidating on charts for short term. Last week COMEX Gold was trading in a range from 1600$ to 1695$. In the coming week 1600$ will act as a major support in COMEX Gold and 1840$ will act as a major resistance.
STRATEGY
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1655 $ an ounce, then above 1697 $ it can test the level of 1710$/1735 $ an ounce. And in MCX Gold above 26950 it can test the level of 27100/27250/27450. Trade by keeping the strict stop losses.
Major support for COMEX Gold in the coming week is 1530$ and 1470$.
Major resistance for COMEX Gold in the coming week is 1840$ and 1880$.
Major support in MCX Gold is 25800 and 25400.
Major resistance in MCX Gold is 28300 and 28800.
COMEX Gold is in a technically consolidating on charts for short term. Last week COMEX Gold was trading in a range from 1600$ to 1695$. In the coming week 1600$ will act as a major support in COMEX Gold and 1840$ will act as a major resistance.
STRATEGY
For the next week traders can use buy on lower level strategy if COMEX Gold sustains above 1655 $ an ounce, then above 1697 $ it can test the level of 1710$/1735 $ an ounce. And in MCX Gold above 26950 it can test the level of 27100/27250/27450. Trade by keeping the strict stop losses.
Major support for COMEX Gold in the coming week is 1530$ and 1470$.
Major resistance for COMEX Gold in the coming week is 1840$ and 1880$.
Major support in MCX Gold is 25800 and 25400.
Major resistance in MCX Gold is 28300 and 28800.
Get Free Intraday Bullion Tips
