As expected gold trying to take support @ 1702..but no not at all ..it is very shortlived...again gold will give up and as we had mentioned earlier gold trend for the week is downside continuation !!
Gold traders dont expect any major pull back in gold ...that is very limited .. this sell off wont stop unless and untill big boys are paid... gold is continuing a similar strategyu of crude oil ..tht we initiated @ 97$ fr tgt 82$...in 2 sessions it collapsed...THE HISTORY WILL BE REPEATED IN GOLD !!
AFTER THE GAME IS OVER..THE SO CALLED MARKET GURU / MEDIA WILL START GIVING THE REASON FOR GOLD COLLAPSE... ONE OR THE OTHER FUNDAMENTAL OR NEWS WILL BE LINKED... EXAMPLE : BERNAKE'S HINT REGARDING QE 3
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