Gold (Expiry: 05-Oct-2020 ) - Weekly Technical Analysis Report Valid From 27-July-2020 To 31-July-2020. Based On Bollinger Band, Moving Average, RSI, HakeinAshi Candle, Previous Day Volume and Open Interest, Gold is Trading in Perfect Up Trend. Bullish Zone - If Trading Price Sustained Above 51425, can Touch Up Side Levels 52881. || Bearish Zone - If Trading Price Sustained Below 50446, can Touch Down Side Levels 48256
If Price Trading Between 50325 And 50812, Then It Indicates Gold Trading in Confusing Trend. Safe Trader Avoid Trading Till LTP Sustain Above 50812 OR Sustain Below 50325 || Other Traders Can Create Buying Positions Between 50325 And 50812 With StopLoss Below 50325 For The Targets 52024 OR Create Selling Positions Between 50325 And 50812 With StopLoss Above 50812 For The Targets 49834
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Weekly Positional Trading Calls
Gold Buy At 49834 Target= 52990 SL= 48256
Gold Sell At 52024 Target= 48868 SL= 53602
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