We had given a buy call on the Gold and was expecting the gold to move high, we are still expecting the gold to move high and trade near 1900$, but as there are some hurdle while moving higher, at this level there is a window in the gold which can play a role of strong resistance in coming days; We would suggest to book 60% of the profit at this level and wait for the gold to trade above the window, once the gold is able to sustain above the resistance zone we will advice to buy again for higher levels.

We are expecting some consolidation in gold at this point.

Advice : Book 60% and hold for the resistance zone to break.

GOLD

Nov 13 2021