Gold Technical and Entry update: Gold weekly chart entered in to critical zone at abvoe 1350, where rejected couple of times earlier makes a fall till 1166 downside. Week closing below 1355 can make a break till 1320 which is the first hurdle and 1300 psychological level downside. Overall we advise traders can enter sells here and can wait till 1320 for next week. Invalidation can be seen when this close above 1366 on daily basis. overall sell and hold for short term is advised along with the daily signal. One can add a lot and can hold for said targets.
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Trade closed manually
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As explained gold fell sharp made low 1338, where closing below 1341 makes more down nxt week till 1325 aa xplained. as we have some imp events nxt week we can see some sideways. will enter again at retrace.
So we are closing this short call, for more signals and updates ask us at our whatsapp +917799061547.
Few chances to break this 5 year resistance. If you ask me this is a strong sell signal towards 1250 at least.
BSHAdvisory
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@TradingShot, hello, yes agreed but for long term not immediate.. becoz if u see the chart we can see a inverted head and shoulder formation... if any case fundamental boosted the price abv 1365 can see 1600 nxt level.. downside current new hurdle is 1320 anything abv this a buy.... for longterm selling one can wait still... thnx for commenting.all da best