Chart source: Tradingview.com

Action: BUY @37990                            Profit Target: 38150                               Stop Loss: 37900

Gold has sustained its 50 EMA support 38012 today, on daily chart Gold has witnessed Doji pattern yesterday showing signs of halt at this level. Going forward it has support at 37965. On Daily Chart it has traded downside in the last few session, however, we can expect some big move if Gold could be able to breach these levels, due to the coming festival in India. We can expect Gold rally to its next resistance 38265 in the coming session
As per International Markets, the gold price was almost flat due to US-China trade negotiations & Brexit.
President Donald Trump said in Washington that work toward ending the U.S.-China dispute was going well.


   ***



Disclaimer :

"There is a substantial amount of risk in trading securities, and the possibility exists that you can lose all, most or a portion of your capital. I cannot and will not assess or guarantee the suitability or profitability of any particular investment, or the potential value of any investment or informational source. The securities mentioned on my blog Site may not be suitable for investors depending on their specific investment objectives and financial condition. The information provided by me, including but not limited to my opinion and analyses, is based on financial models believed to be reliable but is not guaranteed, represented or warranted to be accurate or complete. The charts depict the results of our models and are not influenced by any other factors except the updated parameters which the models use. The models’ signals should not be construed to be investment advice. The information may contain forward-looking statements about various economic trends and strategies. You are cautioned that such forward-looking statements are subject to significant business, economic and competitive uncertainties and actual results could be materially different. There are no guarantees associated with any forecast and the opinions stated here could be wrong due to false signals from the models, or the models being incorrectly structured, incorrectly updated and/or incorrectly interpreted. The signals, forecasts, the BlogSite, and my products and services, only express my opinion of various securities. My opinion will be wrong at times because of the limitations of investment analysis. Investment analysis, whether fundamental, technical or any other form of investment analysis, can not predict the future and is not a science that predicts precise and accurate results. Your use of any information from the blog site is at your own risk and without recourse against me, its owners, directors, officers, employees or content providers."