WEEKLY ANALYSIS AND TRADE SETUP- 26 MARCH 2017
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WEEKLY ANALYSIS AND TRADE SETUP- 26 MARCH 2017
Previous analysis pointed towards the recovery in gold.
Also last weekly analysis mentioned about short covering and addition of longs in system which is pushing price higher.
Last week we missed the good trade of long around 28500..from where prices zoomed…
We will plan long around same level if price retrace.
Though the weekly and daily trend is down the trend is broken with up trend on monthly.
OI analysis suggesting short covering, which will move prices in our favor.
Trend Analysis:
OI Data Analysis:
Trade Setup:
Also last weekly analysis mentioned about short covering and addition of longs in system which is pushing price higher.
Last week we missed the good trade of long around 28500..from where prices zoomed…
We will plan long around same level if price retrace.
Though the weekly and daily trend is down the trend is broken with up trend on monthly.
OI analysis suggesting short covering, which will move prices in our favor.
Trend Analysis:
OI Data Analysis:
Trade Setup:
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