Chart Source: Tradingview.com


Action: BUY @38030                         Profit Target: 38085                            Stop Loss: 37990

Gold is trading sideways, on the daily chart, Gold has witnessed the Doji pattern on Tuesday & still taking support low of that day. 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 incoming sessions. Crude Oil Inventory weekly data came Positive that would make Gold bullish in the short term.

Crude Oil Inventory: 

 Actual: -1.699M 
Previous: 9.281M

 In the international market, gold prices were steady as investors awaited more clarity on the Brexit and the US-China trade war.


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