Mantraa Commodity Mantra commodity is an analyst group involved in technical analysis of all major commodities gold, silver, crude, copper, natural gas etc. Mantra commodity serving to clients from last 7 years & made a strong bond of trust with our dedication towards work.Our main functioning area is .Technical analysis on all major commodities available HERE. Or you can write us on mantracommodity@yahoo.com HaPpY TrAdInG.

Gold reaches $1330. What’s Next?

23 sec read

gold

Gold (30.07.2013) traded higher as per our last report on Gold & reach to mention target area.

 
Now as we can see on Gold charts , after achieving the level , gold is facing a parallel resistance around 61.8% February correction level. However the 61.8% Feb 2013 correction level has been broken many times, which may result as more upside move in coming days. We need to be confirm with a clear break above most possible triangle pattern as well as indicators may reduce the momentum here.

Based on above studies, we will prefer to wait for a correct entry point for the upcoming big move & stay neutral as of now.

Mantraa Commodity Mantra commodity is an analyst group involved in technical analysis of all major commodities gold, silver, crude, copper, natural gas etc. Mantra commodity serving to clients from last 7 years & made a strong bond of trust with our dedication towards work.Our main functioning area is .Technical analysis on all major commodities available HERE. Or you can write us on mantracommodity@yahoo.com HaPpY TrAdInG.

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