Monday, May 19, 2014

Gold - Follow up


All our 3 posts of yesterday - Bajaj Auto / Lupin and now Gold - validated our analysis.

Yesterday our Gold post, we clearly mentioned reversal sell....

What happened, today morning gap-up and moved a higher range of  28299 and not able to sustain the level...

From there it has reversed at hit our bottom starting point level of  28106...

Almost it is trading in the same range last 90 minutes...

If breaks 28106 (candle closing), then the target may be 28014....s/l again 28106 to keep the profit trailing stoploss.

Take Care

Cheers


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