GOLD has been stuck in a range of $ 790 and $ 835 in international markets while in Indian commodity exchanges, it is stuck in the range of Rs 11200 and Rs 12000/-. A break out of this range can provide good trading opportunity to traders.
A break below Rs 11000/- can lead it to test Rs 10450 - 10250 levels while on the upside, gold will resume it's bullishness on close above 12050/-. Watch out for these levels. We may say it is the 'calm before the storm!'
Happy trading
CA Rajiv D Khatlawala
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