Friday, February 7, 2020

Daily Technical Analysis
The main trend is down according to the daily swing chart. A trade through $1551.10 will signal a resumption of the downtrend. Taking out $1598.50 will change the main trend to up.

The major support is the retracement zone at $1539.10 to $1520.00.

The short-term intermediate range is $1542.80 to $1598.50. Its retracement zone at $1570.70 to $1564.10 is currently being tested. Trader reaction to this zone will determine the near-term direction of the market. Overcoming it could lead to a challenge of the recent high. A failure at this zone will likely form another secondary lower top.
The main range is $1619.60 to $1542.80. Its retracement zone at $1581.20 to $1590.30 is potential resistance 


Gold low 72234 down fall 516 point down intra days book मेरी हिम्मत को परखने की कोशिश मत करना मैं पहले भी कहीं हवाओं का रुख मोड़ चुका हूं