Gold: week for a dead cat bounce

Dead cat bounce referes to a small bounce after sharp fall.

Gold formed inverted hammer,
Higher volume, and a rsi flattered at cmp.

Good to buy for a very short term period. And buying is risky.....

Buying us not for positional traders..

Buy at cmp stop loss of 1550 and set target to 1615

Positional call is ..

Sell at 1615/1620 sl 1645 target 1500

Good to go for SELL.

Yours: UV!

Posted in: weekly