GOLD UPDATES FOR JUNE 7 2015

SUNDAY


WEEKLY UPDATE




Gold in mcx was dropped last week along with international market and closed at 26725 levels



over all trend for the commodity remains bearish with strong resistance above 26900 levels




may have a down side target up to 26400 levels, sell at current levels and on rises is




advisable strategy RSI for the commodity also supports the trend which is well below the 50 mark.




Weekly Call :




Sell Gold at cmp 26725 and on rises up to 26775




with stops above 26900




for targets 26500 and 26400,



High risk traders can even stretch the targets and stops ,




stops above 27000 and




targets up to 26200 levels.



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