Hope now its easy to predict further move in gold.., the closure that happenedbelow 200 DMA was a trap.., now gold is on its way to 50 DMA.., And once it crosses 50DMA, 50 DMA itself will act the support and trend will continue..,
As we have entered a new bull market gold and Dollar are going to go down because people who hedged their positions in both of them during covid are going to square off and participate in the bull run .
profit booking on GOLD which started on 7th of August is continuing. Weeker global cues in metal sector and a pinch of taking money of table is what we have witnessed in last 15 odd trading sessions. RSI is looking little week but nothing to worry.
Basis FIB retracement the support levels are perfectly aligned to 0.38 Levels and resistance is at 0.23 levels. In...