Gold
Today... we recommended buying in Gold above 29400 with stop loss below 29170. Just made a high of 29555
Now what to expect???
Comex Gold... Hurdle at $1262. Three consecutive closes + weekly close above $1262 will see sharp upside rally in Gold till $1310---$1325 in days to come
Else it could test its support level of $1225 again
Further downside panic will see only weekly close below $1225
On MCX division... Gold has hurdle at 29600. Three consecutive closes + weekly close above 29600 will see non stop rally in Gold till 30500---30800+ mark in days to come
Else it could test its support level of 29170 and then to 29000---28850 again
Further downside panic will see only weekly close below 28850 mark
More will be update soon!!
