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freestocktips

Will GOLD Hit the 50000 this Weekend?

Short
Gold Futures (MCX:GOLD1!)  
freestocktips  
MCX:GOLD1!   Gold Futures
Trend Analysis Chart Patterns Technical Indicators Gold commoditygold freecommoditygoldtips freecommoditytips freegoldtips goldtrend commoditytips commoditysignals
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Overall it's a descending trend. According to the Stoch RSI, It will continuously fall. So, intraday traders can sell GOLD now nearby dynamic resistance (DR) trendline for the target of 50000 - 49600.

If gold will breakout the DR, don't selloff.

At present, we have chances to see the following levels before this weekend: 50560-50700.

Please keep your eyes on the Stoch RSI and moving average.
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