Advertisement

US GOLD (COMEX) Trading Tips - GOLD facing strong support at current levels, can see some bull action as per Technical analysis point of view. (Updated On 17th July 2014, Thursday).


COMEX - GOLD






  • COMEX GOLD facing strong 50% fibonacci retracement and 50 days moving average support at current levels , technical chart indicates gold looking bullish as long as holds above 1291.
  • If gold fails to take this support and closes below 1291 then can see further selling and gold will find next strong support around 1280, 1260 & 1240.
  • Daily chart also indicates gold is the process of forming Triangle formation, which indicates once gold comes out from its formation on either side then will give sharp move. Close Watch.
Posted by
Labels: , , , ,

No comments:

Post a Comment

Subscribe to: Post Comments (Atom)

Advertisement

What is Intraday Tips ?

Q. What is Intraday Tips / Inraday Trading / Delivery trading.

A. There are basically two types of trading on stock market--
1- Delivery
2- Intraday

Delivery trading is one in which shares are bought and can only be sold after they are delivered by the broker.that means that they cannot be sold the same day , and delivery takes two to three days after they are bought and then they are ready to be sold.

Intraday trading which takes place for that very particular day and there is no delivery..they can be bought and sold the same day...and are automatically sold at the end of the trading session if you have not sold it by yourself during the trading session. The person who suggest such types of forecast is called

Intraday Tips

.