The August contract gold prices were sideways to slight down on previous session and ended at 12345 levels. Market is expected to trade lower and the next immediate support is at previous day's low and breach of the same may see prices testing 12250-12200 levels. The resistances can be seen at 12350 then 12375 levels. We expect gold to trade lower for the day and recommend taking shorts for the day.
Subscribe to:
Post Comments (Atom)
DISCLAIMER
DISCLAIMER: INVESTING AND TRADING IS VERY RISKY AND FINANCIAL LOSSES ARE OFTEN THE RESULT.
Investment success is far from a sure thing. This site is solely intended for educational purposes. I am not a registered investment advisor and it is not my intention to provide anyone with investment advice. I am not recommending that any reader of this blog buy, sell, short, or engage in any other investment strategy based upon the content set forth herein. I strongly urge all readers to perform their own due diligence before investing and or trading their funds. I will not be responsible for any readers financial losses.
0 comments:
Post a Comment