Gold
Yesterday we took a sell in gold when I sent a signal to sell gold at 1342$. Even in my yesterday’s video I said clearly that we might see pressure in precious metals. But we exited from golf sell before fed meeting minutes which always shows us insight of last meeting. Gold finally tanked from highs of 1345$ and currently trading even below 1340$. We missed profit from sell but that was to safeguard from our clients. Trading near major events without knowing the outcome is like gamble which I always try to avoid.
Gold has an uphill task to break 1368-70$ range. This would be third attempt by gold to break this barrier ( more on this in weekly update ). Currently dollar index is trading in higher range which is keeping gold prices are in check.
Today precious metals are in pressure and might remain in pressure. Watch my video for today’s technical levels and trend update. If you do not understand hindi then no problem. You can still understand the resistance and support.
I will be making two videos very soon. One in hindi and One in english. So make sure you subscribe my channel for regular updates.