goldTrading Outlook

Gold: MONTHLY FORECAST

Gold seems to be strengthing possibly due to the safe heaven appeal particularly Geo political scenario on the surface like US-NORTH KOREA NEXUS and the Syrian conflict.

However, we would see a potential pullback in order for attracting buyers as well as a retracement.

Preference!

So our view is to sell gold below. 1535 for the 1473/1441 zone. with stop loss 1563.

Alternative!

Lastly, if a break out of 1563 occurs it will further upside towards. 1576/1615 zone.

Wishing you a happy trading month ahead and a joyful New year. \