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Tuesday, January 12, 2016

Enjoyed panic in Gold or not ?




Today we recommended selling in Gold below 25840. It crashed and made a low of 25614. We booked full profit around 25620---25600.




On weekly basis (Monday) ... We clearly indicated to sell Gold around 26050---26080 with stop loss above 26240 for the downside target of 25760---25600.





In today's bullion update also we have mentioned that below 25760 we will see more panic in it. See what happen this is power of levels .... nothing else!!




Now what next??



Gold has now support at 25600 and resistance at 25850. Further downside panic will see only close below 25600 mark.






Trade safely with levels only... More will update soon.