Gold : do or Die

Gold (04.10.2016) fail to provide a breakout from $1248-1250 area & thus fall sharply towards $1308 support. However now on intraday basis support is broken & it will be very interesting to watch the next move. Either gold will retest/recover above support turned into resistance or fall will continue towards next support level around $1282 followed by $1265.

Tip : Go long if $1282 level or a reversal came above $1301 mark.

MCX levels -> S2(29810) S1(30200) cmp(30440) R1(30800) R2(31150)

Note - Above technical analysis is not a buy/sell recommendation.

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