COMEX GOLD UPDATE

Gold forms bullish divergence in 6 hours chart, a slight jump till $1160 is possible

Gold is trading within narrow channel and any short term jump can be seen of it close above $1167. Any break above $1167 will target $1183/$1204.

In the 6 hours chart it has formed bullish divergence so slight jump till $1153/$1160 cannot be ruled out.

Major support is around $1130 (Jul 11th low) and break below will drag the commodity further down till $1100.
It is good to buy at dips around $1142 with SL around $1130 for the TP of $1154/$1160

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About ASHISH JAIN

13 years experience in MCX , NSE & COMEX
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