GOLD: With GOLD extending its strength above the 1170.03 level on Wednesday, further bullish offensive is envisaged. The commodity must continue to trade and hold above its broken resistance turned support at 1170.03 to create scope for more strength. On the downside, support comes in at the 1165.00 level where a break will aim at the 1150.00 level.
Strategy:
Buy at 1184.00
Stop loss at 1173.00
Price target at 1200.00 & 1215.00
Strategy:
Buy at 1184.00
Stop loss at 1173.00
Price target at 1200.00 & 1215.00