GOLD 4 hr chat = CMP 2557
Price fell one way from 2800 to 2550 levels now..
Price is currently almost at the support/halt/confluence zone
FIB levels at between 50 and 60%
Previous consolidation resistance at 2530 ( now turns support)
AVWAP from the lows are now placed at 2537
If short, it is better to book out and wait for a bounce.. But Fresh shorts are not advisable here..
This is't a buy call.. One can play the bounce for short term trade.. but more pain ahead
I am not a SEBI registered analyst. Please consult your Financial Advisor for investment decisions
Price fell one way from 2800 to 2550 levels now..
Price is currently almost at the support/halt/confluence zone
FIB levels at between 50 and 60%
Previous consolidation resistance at 2530 ( now turns support)
AVWAP from the lows are now placed at 2537
If short, it is better to book out and wait for a bounce.. But Fresh shorts are not advisable here..
This is't a buy call.. One can play the bounce for short term trade.. but more pain ahead
I am not a SEBI registered analyst. Please consult your Financial Advisor for investment decisions
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
I am not a SEBI Registered Analyst. Views are personal and for Education purpose only. Please consult your Financial Analyst before making investment decision
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.