*GOLD CPI Day Analysis*

Gartley pattern is in developing phase that suggest a possible price movement towards 5242 that can be bullish target, but ambiguity and trick is that it may fall around 5165 too.


Another price action suggested gold can trade between 5129/5115 as good bottom risk of the day with expected high around 5287.


*Hence expected trading range of the day should be watched between 5115 & 5287* 

For Bearish Targets 5165-5129-5115 can be watched.

For Bullish Targets 5242 - 5281/87 can be watched.


Currently gold is trading middle of the range and possibility of upside and downs side is 50 -50 with approx. same chances of rise or fall that suggested aggressive upside or aggressive fall should be awaited before entering into trade.




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