Gold was started falling down in November month and in this week it’s trying to run up. I don’t see gold in uptrend until it show closing above, 28000 level so I would recommend to short term investors to keep selling it. But yes, if you’re an intraday trader, then you must follow uptrend. If gold will remain upside to 27420 level for 1 hours then you may buy it for 27550-27650 levels.
To become a subscriber, subscribe to our free newsletter services. Our service is free for all.
Unlock This ArticleOnly subscribers can read the full article. Please login to read the entire article.
Get free MCX ideas, chart setups, and analysis for the upcoming session: Commodity Tips →
Have you any questions/feedback about this article? Please leave your queries in the comment box for answers.
Disclaimer: The information provided on this website, including but not limited to stock, commodity, and forex trading tips, technical analysis, and research reports, is solely for educational and informational purposes. It should not be considered as financial advice or a recommendation to engage in any trading activity. Trading in stocks, commodities, and forex involves substantial risks, and you should carefully consider your financial situation and consult with a professional advisor before making any trading decisions. Moneymunch.com and its authors do not guarantee the accuracy, completeness, or reliability of the information provided, and shall not be held responsible for any losses or damages incurred as a result of using or relying on such information. Trading in the financial markets is subject to market risks, and past performance is not indicative of future results. By accessing and using this website, you acknowledge and agree to the terms of this disclaimer.
