Free Commodity Tip for Gold | Fiis and NRIs Make Money

Gold has an important resistance at $961 and unless it does not breach this figure one may see this commodity touching the levels of $924 which is a support for this commodity being tracked globally. Thus if the level of $924 is broken on down side one can see the commodity touch the level of $900-$866.

As a commodity trader one must watch the level of gold closing above the level of $961 on weekly closing basis to see the commodity touching the level of $1000 and if this level is broken than one can have a target of $1100 for this precious metal., while failure of support at $900 would test primary support at the April low of $865.


A word of caution is that gold Miners Index [GDX], Twiggs Money Flow (13-Week) and bearish divergence indicates strong selling pressure.

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