Gold Cmp 967.45 $ is looking good. In Daily Chart Gold has formed an "Inverted Head & Shoulder Formation " which suggests Gold to continue its uptrend. The immediate resistance is 988.40 $. On breaching this level expect a target of 1028$ -1054 $. On downside Gold has support 952$-921$-909$. Few days in my last post had indicated that Gold will be weak till 899$ and upon breaching it the Gold will confirm the Uptrend & make "Higher Tops & Higher Bottoms" on Weekly Chart.
Investing in Gold : Gold Chart Update
Gold Cmp 967.45 $ is looking good. In Daily Chart Gold has formed an "Inverted Head & Shoulder Formation " which suggests Gold to continue its uptrend. The immediate resistance is 988.40 $. On breaching this level expect a target of 1028$ -1054 $. On downside Gold has support 952$-921$-909$. Few days in my last post had indicated that Gold will be weak till 899$ and upon breaching it the Gold will confirm the Uptrend & make "Higher Tops & Higher Bottoms" on Weekly Chart.