GOLD Weekly Technical Analysis

( Duration 16 to 20 March 2015)

Gold is now staying on support area. 1145 area is very critical for gold. If it can break this level, then we can expect more down approx 1130 on gold. If it can hold this support area, then it can move up approx 1173-1187$. If we can see any pull back from this support, then we can go for buy. In the H4 chart, we can see pin bar has been formed. Gold is below a down trend line. So if it break in the upside, we can take buy entry.

Weekly Trading Levels
Strong Sell  : 1188
Normal Sell : 1172
Take Profit   : 1160
Normal Buy : 1145
Strong Buy  : 1132

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