GOLD UPDATES FOR NOV 29 2015

SUNDAY





Gold in Mcx last week was trading in the range between 25100 – 25350 levels and on




closing day prices have tested it long term supports at 24965 and once again recovered back



to close at 25065 levels, trend for the commodity both in international and Mcx remains bearish




but INR role at present is very important because prices of INR have started to weaken and that





has given supports in local market however we prefer to sell the commodity below its supports




with stops above 25300 for targets 24500 and 25250 (Positionally) targets are given based on INR closing .




Weekly Call :




Sell MCx Gold only on close below 24950




and add further on rises up to 25000




with SL above 25310





for targets 24500 and 24250.





Positional basis pls note that INR factor will affect the price movement so




request to maintain strict stops and adjust the targets as per INR range



We have introduced 2 new schemes




1. We provide you with trading calls and you will trade




For which we charge a Fee



2. We can open a trading account in your name and we trade on your behalf




As we are closely monitoring the market we feel we will be able to



trade more profitably than you .



The profits will be shared 80 : 20



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