shahid0088

Weekly analysis

Long
TVC:GOLD   CFDs on Gold (US$ / OZ)
We expect a bounce back towards 1960-65 from 1924-1908 zone.as we have inflation data so data suggest that sharp move up is possible in gold .on other side if data was above expectations then 1893 sould be tested nd then 1870 as august is bearish month so a deeper correction is possible in gold prices . daily closing above 1980 is required for continuation to the upside which is still far away.
So watch closel 1925-1917 zone and then 1908-1900 level

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