ipuneet

Gold - 1642 is important to be held for bulls.

FX_IDC:XAUUSD   Gold Spot / U.S. Dollar
1642 is a good support for Gold too, use it as stop for long positions
and if broken, shorts can be initiated for an immediate target of 1631 followed by 1619.
1650 can be used as stop.
1642's rupee equivalent would be 42300-350 level.

Fresh longs only when (and if) 1650 is exceeded decisively.


Comments

bear trap, it wont drop until 1800
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