GOLD SHORT ::: RISK CALL :::GOLD is expected to SINK.
There are many reason why we feel it may SINK
* HAMMER in WEEKLY Chart.
* To SINK and come near 1199 LEVELS
* Stoch RSI (3,3,14,Close) clearly states it maySINK.
* RSI(14,CLOSE) Is also of the same view.
* CCI(20,CLOSE) Is also the same
Keeping all the above indicators in view along with the chart pattern we expect it to sink. Our Short call shall be from 1215 with a SL @:1230 Tgt01: 1207 Tgt02: 1199 Tgt03: 1187. We are expecting this to happen shortly. We expect a sharp bounce back by mid week Caution: The above is our personal view. Neither a recommendation nor a tip nor an advice for trade. Please consult your personal financial advisor before investing.
