Gold looks exhausting at this level of 2000$ and a correction may come any day. Today on 03rd Aug 2020, the Oct contract of Gold made a high of 1995 approx and from that levels gold showing a sign of weakness. Although trend is still intact and not showing a strong reversal sign but a correction is due in Gold and silver. For very short term perspective a sell can be generated for the target of 1900-1895 with SL 2000$. For those who is on long side in gold from lower level they can wait till the Gold does not show a strong trend reversal sign.
Gold looks exhausting near 2000$ level
Reviewed by Rajesh Kumar Gupta
on
Monday, August 03, 2020
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