Can we short Gold ?
As per the today’s range till now $1332 - $1344, which provide some relaxation to bears would it be a trend reversal for Gold?
No still we have to wait for week closing, If Gold provide the closing below $1323 on Friday’s close it would be taken as a end for the Bulls. Then $1352 would act as a strong resistance above which it again charge it fuel to touch $1373 which would be a prime situation for Bears to make a new short position. Else if it stay continue in the range below $1325 then stay with your Shorts.
Utsav Babbar
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