GOLD TRADERS

hi gold traders lets chat about gold in this topic

what is view for Monday

It looks weak for the coming week what's your take

I think there was an overextension of price on the daily chart,that trend has already broken. Monthly has still a drown trend and I think it will realign with that trend. So down for me. Not taking any trades though, unless I got a clear daily trend (down).

Gold = BUY gold now at 1274 and take profit at 1294. Good luck everyone!

Pure gold (99.9 purity) also moved down by a similar margin to end at Rs 28,070 per 10 grams as against Rs 28,175 last weekend.
However, silver (.999 fineness) climbed by Rs 115 to close at Rs 38,875 per kg as compared to Rs 38,760 previously.
On the global front, gold prices eased in early trade as buyers cashed in gains after the metal posted its biggest monthly rise in three years, but a shaky outlook for the global economy underpinned its appeal as a haven from risk.
Spot gold was bid down at $1276.80 in early European trading and silver moved down at $17.15 an ounce.

@ 1242

Support around 1230 for today IMO

veer posted:
It looks weak for the coming week what's your take

Looks good to me.