Intraday technical levels for March 7th 2016.
Gold has make two strong attempts in this previous strong bull swing. But all the recent activity happens in the grey box mentioned in the Video in which strong breakouts attempts have fail to close above recent highs and Post NFP gains were also given away and
market close strongly at the opening levels.
Crucial for now for Gold to trend to maintain a level above 1226 level and break above 1276 area and the we will see if trend continues from there or it will dimise again. Intraday Gold is neutral to bullish above 1226 but strong selling to this level will be bought again to test the recent high. Intraday trading recommendation would be sell around 1272 area for target 1251 with stop around 1280. Buy around 1226 with stop around 1214 and target 1272. Or wait for better confirmation.