We’re expecting higher gold prices this week. Remember, weakness in the market is too much, too soon. Once it breaks and close below 25,172 support then it will move downside continuous and touch 24,664 – 24,201 – 23,739 – 23,378 levels. If it ensues up arrow (in above gold chart) then definitely hit 25,798 – 26,422 – 26,829 levels. Only buy something that you’d be perfectly happy to hold if the market shut down for 10 years. If you don’t believe on yourself then I recommend use some expert advice that will help to get out from losses.
For long-term traders: Gold trading around $1100 to $1000 would look very attractive to start scaling into a long term buy.
I want to say to you, don’t take lightly MCX Silver because It’s very labyrinthine to understand that trend rather than gold. If you’re our subscriber, then please use your username and password to view full market newsletter with silver chart. To become a subscriber, subscribe to our free newsletter services. Our service is free for all. Big bang is near!
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