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Sunday, April 3, 2016

GOLD UPDATES FOR APRIL 3 2016

SUNDAY



WEEKLY UPDATE




Gold in international market last week dropped from 1250$ to 1210$ and closed at 1221$,



trend for the commodity remains bearish and sell on rises is advisable ,



immediate supports for the commodity is at 1210$, and resistance at 1240$.



We expect a sharp correction if prices breaks below 1210$.



Weekly Call :




Sell Gold International on rises between 1225$ - 1230$



with SL above 1242$



for target 1210$



and add further shorts on close below 1210$



for extended target 1190 with Stops at cost.


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