GOLD UPDATES FOR OCT 16 2016

SUNDAY

WEEKLY UPDATE

Gold in international market last was traded in the range

between 1264$  - 1252$ and closed at 1250$, strong supports

 for the commodity is now at 1240$ and 1225$, we expect prices

 to drop further up to 1225$ with strong resistance above 1264$.

Weekly Call :

                Sell Gold only below   1248$ 

and add further on rises up to 1254$

 with SL above 1264$

 for targets 1230$ – 1225$.\

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