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Sunday, July 31, 2016

GOLD UPDATES FOR JULY 31 2016

SUNDAY



WEEKLY UPDATE




Gold in international Market last week dropped from 1340$ - 1303$ and



recovered back from 1303$ to close at 1350$, FOMC statement clearly



insists that they are not in a mood before September to increase the



interest rates, trend for the commodity remains bullish and we expect



prices to bounce further up to 1368$ immediately and close above



1368$ will gie further rally up to 1390$.




Weekly Call :





Buy Gold International between 1345$-1350$



with SL below 1330$




for target 1368$




any close above 1368$ add further position with sl at cost for extended target 1390.





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