SUNDAY
WEEKLY UPDATE
Gold in international market last week opened at 1140$ and dropped to close at 1121$, after long
week end market is expected to open with negative note because of last week jobs data , shows
economy is in recovery mode, bullions are like to open with negative bias sell at current levels
and on rises is advisable strategy for targets 1100 and 1090 with resistance above 1142$.
Weekly Call :
Sell Gold at CMP 1121$
and on rises up to 1125$
with stops above 1142$
for targets 1100$ and 1190$.
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ReplyDeleteGold is known to be the most precious of metals. Gold may be an asset against economical crisis. When the market is declining or in time of inflation, national debt, war and social unrest and in currency failure; gold can be your harbor. In the last decade, a huge rise has been observed in the prices of gold. It has gone up to $1,800 an ounce from around $350. It was in August 2011 that gold prices reached its peak. However, a decline in the prices has been observed in recent weeks. It has declined to $1,600.
Buy GOLD Oct above 26450 TGT 26493 & 26550 SL 26401.
ReplyDeletecommodity tips
Now at 35566 level @ MCX
ReplyDeleteHurdle at 35878—-36105 level.
Yes ,It should cross and sustain above 36105 level for 30-45 minutes then ??
Rally upto 36787–37014 on card.