Overview :
COMEX Gold is trying week on charts. it's a decent support at the extent of $1221 & resistance at the extent of $1238. it's forming a form of continuation pattern in its hourly chart for downward movement, as we tend to may see that once the autumn, it's consolidating at lower levels.
COMEX Gold is trying week on charts. it's a decent support at the extent of $1221 & resistance at the extent of $1238. it's forming a form of continuation pattern in its hourly chart for downward movement, as we tend to may see that once the autumn, it's consolidating at lower levels.
Indicators:
As we tend to may see within the charts, its RSI is below 50 & its MACD is additionally sustaining below the central line, thus additional draw back movement are often expected.
As we tend to may see within the charts, its RSI is below 50 & its MACD is additionally sustaining below the central line, thus additional draw back movement are often expected.
Technical
- Levels
|
|
R2
|
R1
|
S1
|
S2
|
|
GOLD |
1261.00
|
1242.00
|
1218.40
|
1194.00
|
|
SILVER |
17.65
|
17.40
|
16.98
|
16.80
|
|
CRUDE OIL |
83.80
|
82.40
|
79.80
|
78.26
|
|
COPPER |
3.0727
|
3.0480
|
3.0047
|
2.9767
|
|
NATURAL GAS |
3.855
|
3.726
|
3.531
|
3.366
|
Trading Strategy :
If COMEX Gold breaks the extent of $1227.20 & sustains below this level, then one will opt for short below $1227 for the extent of $1223 & $1220 in draw back.
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