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Sunday, October 4, 2015

GOLD UPDATES FOR OCT 4 2015

SUNDAY



WEEKLY UPDATE


Gold in international market last week dropped from 1150$ to test a low of 1102$ but once again



recovered on Friday to hit a high of 1141$, long term trend for the commodity remains bearish



but short term turns out to be slightly positive to test up to 1170$ and any breakout above 1170$



may take the prices back to 1190$, but at current levels and on dips is advisable.




Weekly Call :




Buy International gold at CMP 1138$ and on dips up to 1134$



with SL below 1125$



for targets 1150$ and 1156$.



Breakout above 1156$ may push up the prices up to 1170$.


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1 comment:

  1. The Sensex is up 312.81 points or 1.2 percent at 26533.76 and the Nifty is up 84.95 points or 1 percent at 8035.85.

    Live Sensex Market

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