From a monthly closing price of clearly more than 1615 (1625 or so) onwards it will start moving upward. as i mentioned earlier my long term trgt of gold is $1666 once its trading abv 1595,$1625*
we waiting for the trgt $1666 with some correction between the range, and and i m getting a good buy signal abv 1615-1625$ range for the big trgt of $1800 over a period of time.(1Year)
1625 would activate gold prices over 1800. It would be a quick, tough move, without considerable corrections.
for long term investors i said long(BUY&hold) near $1480-1500 range with SL of 1412$ and Gold remains at the monthly horizontal resistance at 1590. i m suggesting now to modify the SL to $1480 for the abv said Target.
Mcx gold now monthly support is at 22246 and lower line support is at 22046 levels,in this week i m expecting gold will reach our next trgt 23579($1615)
on monthly basis i m expecting gold will jump abv rs25000($1800) and even rs27500($1830-2000$)
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