WEEKLY ANALYSIS AND TRADE SETUP- 2 APRIL 2017

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WEEKLY ANALYSIS AND TRADE SETUP- 2 APRIL 2017

Post by AVINASH on 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:




OI Data Analysis:




Trade Setup:

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