Gold H&S formation with possible target in range of 980-960
Updated
Gold spot formed H&S formation in first half 2015 on daily time frame and already corrected $100 out of possible $174 target of H&S formation.
Interest rate hike by fed may weaken the gold further towards the target or even below the target.
Interest rate hike by fed may weaken the gold further towards the target or even below the target.
Trade closed manually
Since RBI bought 200MT Gold at dip the technical target was short achieved at 1045$ and the trade was closed.
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