Is it Right Time to Sell in Gold

Is it Right Time to Sell in Gold?

Updated On: 21-June-2019

When it looks everything good to buy and almost all people are bullish, only that time is good to sell.
When it looks everything good to sell and almost all people are bearish, only that time is good to buy.

Gold is trading above five years high. Gold price is boosted after Fed hints for a  rate-cut in interest in coming months to support and boost the US economy. Although in yesterday meeting FED announces no change interest rate but gave a strong chance to reduce it in its next policy meeting.

On COMEX, August Contract of Gold has touched 1414.95 or almost 1415 level after a strong gap-up opening. Now the question is will it sustain at these levels or will exhaust at this level and cool down.

In my point of view, profit taking is expected from these levels in Gold.

Read my previous prediction on Gold which proved 100% true ...

Gold Rally - is it right time to sell?