Gold
Spot gold price trading flat since yesterday. It made high near 1328$ which was our resistance posted in yesterday’s gold update. Currently gold price trading at 1323.50$. Yesterday we had no movement at all as US markets were closed due to President Day.
Today Dollar Index is advancing so a little pressure in gold prices. I would advice to wait for some dip and then initiate a buy. Avoid selling on these levels. A good buy opportunity might arise for buyers. Selling could be fruitful if you are willing to take risk. I have advised in video below how to trade in gold today.
I mentioned about support and resistance and both side trades. Make sure you watch full video. If you do not understand hindi then you will get support resistance as I write on notepad for my all non hindi readers.
Currently market is on consolidation mode so i wont advise to trade big. We already have good buying from lower levels ( positional ) . Intraday we do not have any position for now. But I would go with buy in dips instead sell on rise in this market today.
So watch my video till the end for all mcx and comex levels today