GOLD UPDATES FOR MARCH 13 2016

SUNDAY



WEEKLY UPDATE





Gold in international market last week moved from 1250$ and tested high of 1280$ but was



not able to sustain at higher levels and shed almost 30$ on Friday to close at 1250$



again which is considered as strong support levels out of 5 days thrice prices moved



to hit a high of 1280 but was not able to hold and dropped back to supports now any



trade below 1250 we expect prices may correct further up to 1220$ with resistance above 1274$.




Weekly Call :




Sell Gold international only below 1250$



and add further on rises up to 1255$



with Stops above 1274$



for targets 1230$ and 1220$.



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