gold technical chart
Click on chart to enlarge the image
This is gold hourly chart .. as shown in chart a clear double bottom case in gold and a top of 1578-79$ so ideally stoploss of sell gold should be 1579 -1580 but as you can see a red circle which is a big big green candle .. this is a sign of pure volatility which may hurt double bottom selling if you are willing to do … so even top is 1579 we wont make this sell… we would use the green candle high as a stoploss on selling side which is at 1584..
Conclusion: Gold can be sell on rise around 1575-78 Sl 1584 above lower target can be 1563 (1562 is our support) if click than 1555-50 and even more coming .
Note: This is not an official trade from our side this is just a technical scenario , we are not recommending any trade, we will update an official trade to our gold subscribers via email
Posted by mohdarafat 
