While taking on the Scalper theory, Puneet said his favourite Study Managers, are CCI, Super Trend, OBV, MACDH and Resistance.
Gold is already in bearish trend and likely to remain bearish for next few months.
On the monthly chart we can clearly identify the resistance level of 32453 and support at 24487. Downtrend of 8293 point is observed in gold prices. Next support will be at 16180 levels.
View the below video to understand how Puneet has decided the target price of 16180 for Gold.
Below video shows the monthly technical chart of Gold
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