GOLD UPDATES FOR JAN 22 2017

SUNDAY




WEEKLY UPDATE




Gold in international market last week jumped from 1200$ to test 1220$ and closed at 1208$,



last four trading sessions prices were started to consolidate at these levels and closed at



1208$, now if any breakdown happens below 1203$ then we expect a correction in prices up



to 1190$ – 1180$,trend for the commodity remains sideways to bearis



we suggest to sell gold only below 1203$.




Weekly Call :




Sell International Gold only below 1203$



and add further on rises up to 1208$



with SL above 1221$



for targets 1290$ and 1281$.



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