Gold has become a huge political issue. In spite of many artificial measures to stop import of gold, government has miserably failed. This eventually led to the domino effect in the entire Indian Financial Markets.
We are currently seeing Gold at upper level the RSI is giving a caution signal and we have 2 major resistances ahead. It’s a high time for gold, the trend-line which was broken by gold during the end of March and the upper level resistance @32,500.
We are seeing signals from gold of a possible correction. Which will start from the first week of next month or prior.
If gold is able to give a breakout and sustain the breakout gold is again a screaming buy.
For previous article on gold; Click Here