GOLD @ 3:30 pm

Gold Aug Comex future prices are trading at $1595.9 up by 7.3 dollars from previous close. Resistance to observe for intraday is at $1600 levels, sustain below the same it is expected to move in the range of $1589-1600 levels.

AT MCX platform prices are trading lower by 0.21% due to rupee appreciation.

Our Morning Call (Given to Paid Members Only):

8/3/2012 11:25 Sell Gold@ 30015 T1:29945  T2:29905 SL above:30165 SecondSell : 30075

We are witnessing parity between Comex and MCX due to Indian rupee appreciation.

Break below 29920 would confirm further downside correction towards 29870.29840 levels.

Resistances are seen at 29990/30040 levels (moving average).

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