Gold Trades Strategy

Gold Trades Strategy

From a technical analysis point of view, the price of gold should be another sprint up the opportunity to challenge a recent high of $ 1,762. But the news of the international price of gold on the basic of good painting, and even after the rise in national stock market has reached an important resistance. Therefore, gold prices rose to 1760 levels if the trend suggested a go, dropped back to 1700 to see whether the mark, and to 1763.5 as a stop loss.

Later if the market conditions for the support below the 1732/30 position, rebound short of attention or just stop breaking 1740, 1720 primary open target price. Break below this, only saw the 1700 off. Conversely, if the gold market rose above 1762/1765 resistance softened considering the purchase, stroke rose to 1780 levels.