GOLD LOOKS LIKE FACING RESISTANCE NEAR THE AREA OF 1350-57$ ANY CLOSING ABOVE THE 1358$ WILL LEAD AN UP RALLY. TILL THEN SELL NEAR THE RESISTANCE ZONE FOR A SHORT TERM TGT OF 1295-1250 IN DAYS AHEAD.
we are adding position size to our existing net short portfolio and at the time of writing this ariticle/idea our full short position in gold and silver is well justified from the measurement of risk and reward, The usd index end up moving higher yesterday and the price of gold fell a little bit,this should be seen as sign of strength but mining stocks are...
Gold to remain bearish, long term target 850 - 900.
7th January 14:30 HOURS - IST GOLD RALLIES TO 1185-1190-1195 to find Resistance and helpful to Short to upto of 1160-1165. Traders may keep Stop Loss above 1198