02.10.2015 - Sell gold if it dips to $1,104/oz
Comex gold futures were lower on Thursday following its biggest quarterly loss in a year, after upbeat US jobs data boosted speculation that the Federal Reserve could press ahead with an interest rate hike this year. Comex gold futures moved perfectly in line with our expectations. As mentioned in the previous update, as per the price structure, there is a chance for the uptrend to resume higher once prices cross $1,130-35 levels. Prices found strong resistance near $1,150 and could not capitalise on the gains. The present state of charts looks mixed, but not yet displaying any clear trend either ways...............................................Full Article: Source
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