GOLD UPDATES FOR JUNE 20 2016

MONDAY




WEEKLY UPDATE



Gold in international market last week jumped from 1280$ - 1310$ and closed



below 1300$, trend for the commodity looks bullish and we expect prices to



give a rally further up to 1320$ immediate supports for the commodity is



now at 1290$ - 1280$, immediate resistance at 1300$ - 1310 - 1320$,



buy above immediate resistance is advisable.



(week a head we have Brexit outcome is on june 23rd the


outcome will decide further trend for now.



Weekly Call :



Buy Gold International only above 1300$



and add further on dips up to 1295$



with Sl below 1280$



for targets 1310$ and 1320$.



If prices closes above 1320$ then we expect another short movement up to 1340$.


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