GOLD
As on last day of Feb gold showed trend reversal and was unable to break 1800 sentimental support level, and broke 1830 resistance level. it is a clear indication of bullish trend and this metal will start bullish journey from here. I am waiting for it break 1846 level to go further long or break support level of 1828 to go further short. So until market makes a clear direction i am not going into trade. Generally market is test 1840 right now and it is still unable to break it. so if it breaks it the next level is 1846, 1852, 1859. so focus on these levels before taking any entry. And for any reasons if price can stable under 1828 then it will try to reach 1813, 1798 and 1785 level.
Resistance level:1846 , 1852 , 1859
Support level: 1828 , 1823 , 1813
As on last day of Feb gold showed trend reversal and was unable to break 1800 sentimental support level, and broke 1830 resistance level. it is a clear indication of bullish trend and this metal will start bullish journey from here. I am waiting for it break 1846 level to go further long or break support level of 1828 to go further short. So until market makes a clear direction i am not going into trade. Generally market is test 1840 right now and it is still unable to break it. so if it breaks it the next level is 1846, 1852, 1859. so focus on these levels before taking any entry. And for any reasons if price can stable under 1828 then it will try to reach 1813, 1798 and 1785 level.
Resistance level:1846 , 1852 , 1859
Support level: 1828 , 1823 , 1813