1yr Target of Gold Prices in India --- Rs.22500

The sudden upsurge in gold is all due to the hopes of US FED not increasing the interest rates. But this is just a temporary upsurge and soon the prices will start correcting again. There has been no correlation between US Dollar movement and Prices in gold movement. US Dollar is strengthen and gold prices are increasing. This has to be exactly opposite. So either US Dollar is going to correct very soon or atleast GOLD. But the most probable candidate is Gold. As it has fallen out of favor among the investors. US Dollar is going to keep strengthening for long time now as US economy is stable and more jobs are getting created whereas economy like China is slowing.

So people active in commodities trading can Short Gold contracts. People buying actual gold should refrain from buying gold. Short Term target of Gold is 24000 and long term is 22500.