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WEEKLY ANALYSIS AND TRADE SETUP- 2 APRIL 2017

AVINASH TRADE DIARY :: ANALYSIS AND TRADE DIARY :: GOLD

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WEEKLY ANALYSIS AND TRADE SETUP- 2 APRIL 2017 Empty WEEKLY ANALYSIS AND TRADE SETUP- 2 APRIL 2017

Post by AVINASH Sun Apr 02, 2017 2:33 pm

Last weekly analysis mentioned about recovery and short covering in gold and our plan was to initiate long trade in gold around 28500 (April).

Prices retraced to our level and gave us chance to fill ( 28530 in May contract )but we have not initiated this long trade as already many commodity positions are open.
So we will monitor this trade as paper trade.

Now gold is in monthly up trend with down trend on weekly and daily with  sideways on 240 min.

OI analysis is suggesting long unwinding.


Trend Analysis:

WEEKLY ANALYSIS AND TRADE SETUP- 2 APRIL 2017 Gold24


OI Data Analysis:


WEEKLY ANALYSIS AND TRADE SETUP- 2 APRIL 2017 Gold25

Trade Setup:

WEEKLY ANALYSIS AND TRADE SETUP- 2 APRIL 2017 Gold26
AVINASH
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AVINASH TRADE DIARY :: ANALYSIS AND TRADE DIARY :: GOLD

 
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