Gold MCX turned bullish but a small correction may take place

As I told gold was forming ascending triangle on daily charts and i had recommended all my friends to cover their shorts arnd 27900 and turn to buy with sl of 27700 now all are happy. It has reversed from that 27855 low and made 28729 high today. Has got a good support of trendline drawn as triangle. For short term one can sell with sl of 28800 at the level of 27720-30 as today it will face a resistanc around 28780 and correction in USDINR may again bring it around 28500 taking cues from surge in equity markets. Happy Trading ... rmoneyguru.blogspot.com