Insignia Consultants
New Delhi
Wednesday, 04 September
2019
TIME
9:48AM IST
------------------------------------------------------------------------------------------------------------------------
MCX GOLD REPORT
Gold and
silver are rising due to recession concerns. Trump has warned China that it
will be even more difficult to get a trade deal next year once he is reelected
for second term. Trump has taken for granted that he will get reelected for a
second term. These are just a ploy to force China for a trade deal. Recession
always results in a change in political regime and change in political
leadership. A no US-China trade deal till US elections next year will
negatively affect Trump’s second term political aspirations. Gold and silver
will continue to rise.
Gold October 2019: (previous
day close/CMP Rs.39676)
·
Gold
needs to trade over 39470 to rise to 39868 and 40238.
·
Sellers
will be there below 39470.
Disclaimer: Any opinions as to the commentary, market
information, and future direction of prices of specific currencies, metals and
commodities reflect the views of the individual analyst, In no event shall
Insignia Consultants or its employees have any liability for any losses
incurred in connection with any decision made, action or inaction taken by any
party in reliance upon the information provided in this material; or in any
delays, inaccuracies, errors in, or omissions of Information. Nothing in this
article is, or should be construed as, investment advice. All analyses used
herein are subjective opinions of the author and should not be considered ais
specific investment advice. Investors/Traders must consider all relevant risk
factors including their own personal financial situation before trading.
Websitewww.insigniaconsultants.in. Prepared by
Chintan Karnani
Disclosure: Insignia
consultants or it employees do not have any trading positions on the trading
strategies mentioned above. Our clients do have positions on the trading strategies
mentioned in the above report.
Insignia Consultants does not have any branches in India.
Insignia Consultants does not have any marketing agents in any city in
India.
NOTES TO THE ABOVE REPORT
ALL VIEWS ARE INTRADAY UNLESS OTHERWISE
SPECIFIED
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PLEASE
NOTE: HOLDS MEANS HOLDS ON DAILY CLOSING BASIS
PLEASE
USE APPROPRIATE STOP LOSSES ON INTRA DAY TRADES TO LIMIT LOSSES.
THE
TIME GIVEN IN THE REPORT IS THE TIME OF COMPLETION OF REPORT
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