SUNDAY
WEEKLY UPDATE
Gold in international market was trading between 1130$ – 1107$ with negative bias and prices
closed at 1107$, immediate supports for the commodity is now at 1100$ and then at 1085$,
resistance for the commodity is now at 1120$ , for the week ahead we have FOMC meet on
Thursday 17th September which is going to decide the future of bullions. We expect prices
to correct further up to 1085 levels irrespective of the outcome of meet, we expect FED to
increase interest rates in the forth coming meet.
Weekly Call :
Sell Gold international between 1107$ - 1110$
with SL above 1123$
for targets 1090$ and 1085$.
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