Last week high of Gold was 17095 which was exactly our third target of long.
Gold Outlook
For the coming week Gold will struggle to cross the resistance level at 17030.
Reversal from 17030 will mean Gold correcting to 16815 and 16750.
Breaking and trading below 16680 with volumes will take gold straight to 16595 and 16491
In order for Gold to maintain its uptrend, it must trade above 17150 with volumes.
If Gold is able to do that then upper targets of 17270 and 17380 shall beckon
Indian Stock Market Outlook
Outlook for nifty trading is posted here
Disclaimer : This is not a recommendation/ solicitation of any order to buy or sell, but Jerry's view on indian stock market. I assume no responsibility for any opinion or statement made in this blog. Readers are urged to exercise their own judgment in trading. Readers shall solely be responsible for profit/loss.
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