Gold

Commodity View:

Gold has again neared the 200 Days EMA. Before it has touched multiple times and everytime it has touched the level a bounce of nearly $200-$300 rise is visible. Simultaneously, the RSI at same level is in oversold zone. Even this time, the RSI is in oversold zone.

Risky Traders can buy at $1520-$1540 TRGT $1640 / $1750 s/l 1450 (SL on closing basis - Strictly maintain s/l)