What’s next for the Gold
Last week gold gained 253 rupees (+0.88%). It is sharply moving upside but 5 important events are coming up. It will 100% impact on Gold price.
- US employment report
- US ISM manufacturing data
- UK PMI manufacturing data
- Fed Governor Brainard speech
- Eurozone flash CPI data
MCX Gold hurdle is 29020 level. If it will close above to the hurdle then we can expect upside rally. Targets: 29180 – 29400 – 29500+ levels
…But past saying, GOLD REJECTED MANY TIMES TO CLOSE ABOVE 29020 LEVEL. Gold will try to remain below the hurdle. If this happens then you may expect 28500 – 28200 levels.
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