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MTECHTIPS:-GOLD
Gold witnessed profit booking after testing levels above 31500 and it dipped to test the supports of 31280. Gold will witness strong resistance above 31500 levels any up move will open the resistance of 31600. On the other hand the commodity will find strong support at lower levels around 31280 and any decline now will open up levels of 31000 and lower. The current trend is weak and the commodity may consolidate at current levels and we may witness some pull back from current levels.
Gold witnessed profit booking after testing levels above 31500 and it dipped to test the supports of 31280. Gold will witness strong resistance above 31500 levels any up move will open the resistance of 31600. On the other hand the commodity will find strong support at lower levels around 31280 and any decline now will open up levels of 31000 and lower. The current trend is weak and the commodity may consolidate at current levels and we may witness some pull back from current levels.
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