Today we have the auspicious occasion of Akshaya Tritiya, It is
considered to be an auspicious day for buying precious metals in the
Hindu culture.Most of people will be buying Gold as "Shugan" but should
you invest heavily in Gold now as it has come down from high of 33K to
low of 26K. My answer is No, Let me put down my reasoning.
- Technically
Gold is trading below its 200 DMA, which suggests its in Bear
market.Once the Support of $1427 is broken , Gold will see a free fall.
Level as low as 1200$ can be seen.
Gold prices have slipped almost ..
Continue Reading
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.