Gold -c0MeX last close -(1268
THE MOST IMPORTANT EVENT OF THE YEAR IS AWAITED THIS FRIDAY.
YES..THE Referendum DAY ON 23 JUNE.
BREXIT = EXIT OF UK POUND FROM EURO ZONE= BULLISH FOR GOLD.
BREMAIN = IF IT REMAIN IN EURO ZONE THEN =BEARISH FOR GOLD.
Yesterday weaker INR added fuel to all commodities in early morning....Now $1271 to $1294 will be range to trade for couple of sessions. 23rd of June is the most important day for future trend of Gold for coming days. If it will be BREXIT and then Gold close above $1300 again then very bullish scenario will be observed in coming days. And if referendum is BREMAIN then later Gold close below $1265 then a sharp downside will be seen.....
