Geojit Comtrade`s trading strategy on Gold

Geojit Comtrade has come out with its report on Gold

Neither the flat trading range, nor the choppiness within such range yesterday, was unanticipated, but it has upped the ante for powerful moves soon, though less expected today. A push past the recent trading range, expectedly on the upper side, is likely, though the possibility of 1762 giving away is dull. Alternatively, if 1730/33 region punctures the early attempts to rise, expect another attempt to swing higher from the 1717 region. Thus 1733- 1717 is slated to be the immediate trading range, beyond which moves would gain velocity.

TRADING STRATEGIES

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