GOLD COMEX:
Spot Gold CMX Took Resistance around Rising Channel Resistance around 2710-2700$. Previously these levels were acting as support, now the Support is acting as Resistance. As we already mentioned Till Gold Comex Closed above 2710 We will not eye for any long Position, And now expecting Correction in GOLD COMEX and GOLD MCX from Current Levels of 2686, Those looking to take fresh position can initiate short position in GOLD and Hold Shorts with Stoploss for 2710$ in closing basis on hourly charts i.e. Till GOLD CMX Closes above 2710$ one can hold Short positions in GOLD.
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