GOLD UPDATES FOR MAY 22 2016

SUNDAY



WEEKLY UPDATE



Gold in international market last week 1290$ to test weekly low of 1243$



and closed at 1252$, trend for the commodity remains bearish for now with



strong supports at 1250$ and 1230$, breakdown below 1250$ we expect prices



to give a correction up to 1230$- 1220$ immediately ,



Sell only below breakdown is advisable.




Weekly Call :



Sell Gold Only below 1250$



and add further on rises up to 1254$



with SL above 1264$


for target 1230$ - 1220$.



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