GOLD UPDATES FOR AUG 7 2016

SUNDAY



WEEKLY UPDATE




Gold in international market last week moved from 1350$ to 1367$, but could



not able to given a breakout above 1367$ for consecutive four days and dropped



steeply from 1367$ to close at 1335$, trend for the commodity remains bearish



for short term, sell at current levels and on rises is advisable for targets 1310$.




Weekly Call :



Sell Gold International at Current levels 1336$



and on rises up to 1340$



with SL above 1360$



for targets 1312$ and 1305$.




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