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Gold prices boosted again, weekly overview may 2021
A thread
https://trade3x3.wordpress.com/2021/05/11/gold-prices-boosted-again-weekly-overview-may-2021/
A thread
https://trade3x3.wordpress.com/2021/05/11/gold-prices-boosted-again-weekly-overview-may-2021/
Gold at present trending above 1800, cmp 1833 a strong recovery we have seen from 1680 level in past few days, stable global economy, less pandemic worries in world. gold is taking strong support at every new level, and good job data in US after a long period.
considering all the parameters technically their is a correction we might see soon if it fall below 1800 ranging new lows, & if not then above 1850 we can see gold touching 1900 & above.
market is wicked right now, pandemic not over yet market also survived a crash till now, elon musk is shooting crypto upto moon & much more.
#trading signal recent view: selling suggested #gold #comex below 1825 with 1850 stoploss & below 1800 target, alternative scenario consider buying above 1840 with 1820 stoploss & 1870 target. overall bullish above 1850 & bearish below 1800.
now in #mcx sell below 47200 & major correction below 46800 & buy above 47800 for 48400 target.
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This thread can be read here: https://trade3x3.wordpress.com/2021/05/11/gold-prices-boosted-again-weekly-overview-may-2021/
