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Sunday, April 17, 2016

GOLD UPDATES FOR APRIL 17 2016

SUNDAY



WEEKLY UPDATE



Gold in international market last week dropped from its resistance 1260$ to test



a low of 1225$ and finally closed at 1233$, trend remains sideways to bullish



with strong supports at 1220$, buy at current levels and on dips is advisable,



Rsi for the commodity is at 50 mark which supports the trend.



Weekly Call :



Buy Gold in international market between 1230 -1234



with SL below 1220



for target 1250 and 1260$.



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