 |
| GOLD MCX FOUR HOURLY CHART 11-Nov-2013 |
 |
| GOLD COMEX FOUR HOURLY CHART 11-NOV-2013 |
WEEKLY TRADING STRATEGY:
GOLD MCX faced correction last week and due to US strong
Employment Data Precious Metals in COMEX face a sell off and GOLD COMEX broke
important Support @1300-1295$ and Close below it. Hence this week we may see down trend
continuing. GOLD MCX is also trading
near to strong Support Levels @29550 and If Sustains below it can head towards
lower levels @29000. Alternatively if sustains above its Demand Zone i.e.
29400-29500-29600 it can bounce back towards 30400 and Hence We Recommend to Go
Short Below 29500-29400 and Go long only if GOLD sustains Above 30400.
