Gold trading strategy for today | 24-Oct-2012

Let us discuss the trading strategy in Gold for today. I’ll use few indicators, which have already been discussed in Indicators section of this website.

As mentioned in my last article, Gold is weak below $1730. It is currently trading near $1708. So, do not miss any sell signal given by Doda-Donchian below $1730. At the time of writing this article, it has just given sell signal @1709.

$1706.03 is the small support level.

$1690 is the easy visible target and immediate support for Gold as of now.

Make the stop-loss of $1709.70