Gold Update

Hi all,

As per given sell call @ 1790$ now Gold is near 1700$ exact 90 point gain. 1st Tgt achieve. Check by this link.

http://www.heshtechnicals.blogspot.in/2012/10/gold.html

Now next analysis with weekly & daily chart analysis of GOLD.

In weekly chart shows that All time major support near 1550$. Check RSI is also weak  First support will take near 1667$ (50 MA) some bounce back expected between 1640 to 1670$, if close 3 days below that level more downside expected till 1641-1611$. & in extreme level Tgt 1550-35$. CMP 1700$.

In daily chart 1667$ is 200 MA So, technically short & medium term view decided for gold by this level only.

Weekly Chart

Daily Chart

$GOLD

Gold Looking weak if not cross & above 1815$ one can keep Sl of 1815$ & sell for Tgt 1700$- 1641$-1611$ & in extreme level Tgt 1550-35$. CMP 1790$.

Do your own research before any trade. It's our personal & technical view.