Last week has seen tremendous downfall in the global markets with the COVID-19 vaacine no where to be seen.
Major markets reacted to supposedly possible "LOCKDOWN 2.0" in many other parts of the world.
In India, We have seen NIFTY react and fall below 11400 & Bank Nifty make huge falls in the last few trading session.
Investors weary with the major markets usually focus on Gold to hedge the positions but, this week we have seen many investors reduce their positions in the last two trading sessions which refelected in the yellow metal falling steeply.
HOLD taking new LONG positions until GOLD reaches back into accumulation zone. Trade wisely!
Major markets reacted to supposedly possible "LOCKDOWN 2.0" in many other parts of the world.
In India, We have seen NIFTY react and fall below 11400 & Bank Nifty make huge falls in the last few trading session.
Investors weary with the major markets usually focus on Gold to hedge the positions but, this week we have seen many investors reduce their positions in the last two trading sessions which refelected in the yellow metal falling steeply.
HOLD taking new LONG positions until GOLD reaches back into accumulation zone. Trade wisely!
Comment:
GOLD has reached bear zone.
