GOLD UPDATES FOR JUNE 7 2015

SUNDAY




WEEKLY UPDATE




Gold in international market last week dropped from 1200$ and tested low of 1162$ and managed



to close at 1172..5$, over all trend for the commodity remains very bearish since it has already



given a head and shoulder pattern breakdown we expect prices to correct further up to 1140$


immediately and any close below 1140$ we firmly believe prices to test 1090$.Sell at current


levels and on rises is the advisable strategy.



Weekly Call :



Sell Gold at CMP 1172 and on rises up to 1177$



with stops above 1190$



for targets 1150$ and 1140$



close below 1140$ add further shorts with stops at cost




for targets 1110 and 1090$(Positional)



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