SUNDAY
WEEKLY UPDATE
Gold in international market last week recovered from 1175$ to close at 1200$,major news
for recovery is because of Fed outcome that they may increase the interest rate may be in
the end of the year.market anticipation is that they may increase the interest rate in this
quarter, however the recovery is not a trend changer for the commodity we expect prices to
correct further major resistance for the commodity is now at 1210$ and supports at 1187$
and 1177$, sell on rises is the best bet.
Weekly Call :
Sell Gold international on rises between 1200$ - 1205$
with stops above 1215$
for targets 1190$ and 1180$.
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Sunday, June 21, 2015
GOLD UPDATES FOR JUNE 21 2015
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