MCX Gold Report: 12th July 2019

Insignia Consultants

New Delhi

Friday, July 12, 2019

TIME 10:56 AM IST                     

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MCX GOLD REPORT

Just trade in the technical. All the big news is over this week. Incoming US economic data release will be key. Gold will fall only if US economic data comes in on the higher side of the expectation curve. Gold investment demand will be the key as physical demand is more or less zero.

Gold August 2019: (previous day close/CMP Rs.34757)

  • Gold needs to trade over 34500-34550 zone to try to rise to 35000 and 35160.
  • I am not buying gold or investing in gold as long as it does not break and trade over 35260 for the rest of the month.

Disclaimer: Any opinions as to the commentary, market information, and future direction of prices of specific currencies, metals and commodities reflect the views of the individual analyst, In no event shall Insignia Consultants or its employees  have any liability for any losses incurred in connection with any decision made, action or inaction taken by any party in reliance upon the information provided in this material; or in any delays, inaccuracies, errors in, or omissions of Information. Nothing in this article is, or should be construed as, investment advice. All analyses used herein are subjective opinions of the author and should not be considered as specific investment advice. Investors/Traders must consider all relevant risk factors including their own personal financial situation before trading.Website www.insigniaconsultants.in. Prepared by Chintan Karnani

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NOTES TO THE ABOVE REPORT

ALL VIEWS ARE INTRADAY UNLESS OTHERWISE SPECIFIED

PLEASE NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS

PLEASE USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.

ALL PRICES ARE IN INDIAN RUPEE UNLESS OTHERWISE SPECIFIED

APPROPRIATE STOP LOSSES PER LOT IN INDIAN RUPEEES ON THE TRADING CALLS GIVEN IN THIS REPORTTHE TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT

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