GOLD UPDATES FOR FEB 1 2016

SUNDAY



WEEKLY UPDATE




MONDAY



Gold in international market last week jumped from 1100$ to test a weekly high of 1128$ and then




dropped back to close at 1118$ towards weekend closing , overall trend for the commodity



remains bullish with strong supports below 1110$ ,1095$ and immediate resistance for



the commodity is at 1126$ and 1130$, buy on dips is advisable between 1110 – 1115 .




Weekly Call :



Buy Gold international weekly on dips between 1110 - 1115



with SL below 1095$



for targets 1130 $ and 1140$.




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