In COMEX market the counter maintaining below US$ 1650 which is retracement on
daily chart so according to us, gold should at that level stop loss should be 1675 for
the short position target is open down side 1600-1590-1560 in next coming days in
MCX also can sell around 26400 sl should be 26600, target down side 25900-25600-
25200
The counter continues tasting 4100 and 3900 for the week if it closed below 3900 on
any day then the down side target 3650 is open, if it could take support at 3900 then
again the counter remain in range of 3900-4100. Overall long-term trend is down as
long as below 4500 mark, lower level target 3650 are intact.
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