Market in red zone till next week

Amidst the US-Iran tension and Iraq concern, bullion is in it’s most bullish version. Gold is trading above 1600 as predicted. We clearly predicted this earlier and now the next target for Gold lies at 1623-1640. S&P500 dropped as per our prediction. Around Asian hours, S&P500 is trading around 3184. This downtrend in equities may continue for next week. However, you can make a long position here in S&P500 at lower level with S/L 3180 for tomorrow (target: 3235-3240). Around the target of long position, you can enter into short with S/L 3263.

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