Last week selling was initiated on tuesday below 28410 for which stoploss hit on same day & buying was initiated above 28600 which made high of 28948 , as per weekly trading levels 1st target meet at 28800
27th & 28th March is Gann date for Mcx Gold , we can expect some volatility or we can see short term top or bottom over there..
Secret Angle Method
As per secret angle method setup we are we above 50% which show bulls are in full control , below 28510 bears can get active if we get close below 28510
Harmonic Pattern
ABCD harmonic pattern is there on daily chart in process , for which target is coming 30390 – 30950
Supply Demand
28599 & 28390 will act as strong demand zone if we witness fall near to these levels
Mcx Gold Trend Changing Level 28720
Gold Weekly Trading Levels
Buy Above 28970
Target – 29120 / 29300 / 29550
Sell Below 28700
Target – 28550 / 28370 / 28220
. Please note above mention levels are of Mcx Gold 05th April 2017 contract
. Always trade with stoploss & book partial profit as 1st target reach or trail stoploss
NOTE : THESE ARE MY PERSONAL TRADING VIEWS , BEFORE TAKING TRADE KINDLY CONSULT YOUR TRADING ADVISOR & KINDLY SEE DISCLAIMER
