Outlook on Gold and Markets II Details Explained
Ventura Securities says that after last Friday’s sell off, Comex Gold is trading in the range of $1820 to $1870 levels. Prices are likely to trade in this range till the time they break on either side of the range. For the coming week, the idea would be to go long above $1870 level or sell below $1820 level.
MCX Gold has been trading in the range of 48500 to 49500 levels. The key averages on daily charts stand near 50000 level with 100 EMA level placed near 49950 and 20 MA level placed near 50100 level: Reuters