Gold Signals
A good day for our Comex Gold signals subscribers. I asked them to sell this precious metal today. Xauusd crashed and our subscribers exited at our target. Even our mcx tips subscribers enjoyed profits today. Lets see our trading calls today in comex & mcx.
Sell Gold at 1304$ with stop loss of 1311$ for target of 1296$. Xauusd crashed and our subscribers booked profit nearly 80 pips. We made profit around $800 profit per lot.
Sell mcx gold at 32130 with stop loss of 32205 for target 32020. Mcx crashed and we exited at 32030.
Mcx Silver also gave us more than 200 points and Comex Xagusd gave us more than 100 pips profit per lot.
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Currently gold price trading at 1298$. It has broken our support of 1297$ which I updated in my today’s forecast. Now major base in gold stands at 1288$. Once market break and sustain below 1288$. Then expect more pressure till 1280$- 1270$.
Resistance in gold now stands at 1302$. If traders break and sustain above 1302$. Then expect good rise in xauusd till 1308$. 1317$.
Conclusion: Comex Gold trend is weak for now. Avoid major selling till its holding below 1302$.
Mcx gold is crashing as well . USD/INR driving it even more. Good support in mcx stands at 31850. Once traders break and sustain below 31850. Then expect good pressure till 31720- 31600.
Resistance in mcx stands at 32020. Above this level we may see some respite for buyers.