udden…. Intraday Open interest drop down from 11% to 3%. What does it mean???
It means that now we will buy Gold in panic. Major support at 24600—24450. Means buying SL for short term is 24450 and best buying opportunity around 24650—24600 if comes for the upside targer of 25050—25200.
Positional view remain negative and trade with levels only
Comex trading range $1080—$1220
Any thing seems we will update. This view depends on open interest calculation.
More will be updated soon!!
Gold levels just updated on our site. Kindly visit www.indianmarketview.com
Trade with levels only and mint money from market.