punitwani

punitwani

As expected.. Gold has touched the feet of 50 MMA and should take aupport and rebound a bit or hover around MMA of 1640 for sometime before further nosedive... Reiterating that as per current global scenario, there are no strong reasons to be bullish but there are.. for being bearish. This is unless some unexpected and undesirable event happens, which will give...

punitwani

#Gold, #XAUUSD is very close to its 50 months MA (i.e. the orange line in chart) which is around 1641. Expect Gold to respect this level, touch the feet thereof and rebound a bit. As per current Global scenerio, no strong reason is appearing for a bullish move in short term, unless anything pops up which you never know 😀