SUNDAY
WEEKLY UPDATE
Gold in international market last week fell down to 1145$ and recovered back on week end closing to 1163$ based on
the news that Greece has given a proposal to Euro zone , if Euro zone accepts the austerity measures which was proposed
by Greece then they may stick to Euro zone if not Greece may move out from Euro Zone, if Euro accepts the proposal then
immediate spurt in prices is expected, if not immediate steep correction is expected, however technically sell on rises
is the advisable and we advise our members to sell on rises with stops above resistance and supports as targets.
Weekly Call :
Sell Gold on rises between 1172 -1177
with stops above 1190
for targets 1150$ and 1140$.
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