A couple of commodity brokers (Research team) whom I've enquired with, are bearish on gold with targets of $1130, $1070 & even possibly $1030.
Another argument was that gold has been rising from levels of INR 14,000 continually up to INR 18,000. Therefore, technically, gold should fall to INR 16,000 & consolidate, before resuming its upward journey.
Dear Anil ji,
A couple of commodity brokers (Research team) whom I've enquired with, are bearish on gold with targets of $1130, $1070 & even possibly $1030.
Another argument was that gold has been rising from levels of INR 14,000 continually up to INR 18,000. Therefore, technically, gold should fall to INR 16,000 & consolidate, before resuming its upward journey.
Your comments on the above are eagerly awaited.
Regards,
Abhyasi
Hyderabad, India