We’re expecting higher gold prices this week. Remember, weakness in the market is too much, too soon. Once it break 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 will ensue 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 you, don’t take lightly MCX Silver because It’s very labyrinthine to understand that trend rather than gold. I apologize, daily not able to say everything to you because I have paid customers and he/she paying me to get some secret about market direction. If you’re our customer then please use your username and password to view full market newsletter with silver chart. Big bang is near!
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Mr.Dev, has been in the forex and commodity markets since 1997. He’s one of the few non-biased investment advisors to have correctly called the current bull / bear market before it began and to have positioned his clients accordingly. As a result of his accurate forecasts on Indian commodity markets & currency, he is becoming increasingly more renowned. Mr.Dev has been quoted in many of the newspapers. He is a highly recommended technical analyst by many of the local financial newsletters and advisory services. He also is founder of commodity profit sharing service on Moneymunch.