Gold Hourly Update 12 PM :

Gold prices are trading at 30209 levels, Prices have immediate support of 30150 levels once breaches this levels it may touch 30100 levels while on the upper side prices have resistance of 30260 and 290 levels.

Free Recommendation : (HIGH RISK)

Sell Gold @ cmp:30220-30, T1:30160, T2:30030, SL:30440 – @ 20.06.12, 12:00 PM

Gold Update at 3PM:  Prices are witnessing intraday major support around 30150 levels. On breach and sustainable trade below the same might continue to trade toward downside up to 30070/29965 levels. Otherwise it might recover gradually up to 30285/320 levels.

Free Recommendation : (Update)

Gold Call @30220-30,Low Made:30132,Target1 Achieved,Book Profit of Rs.9000+ per lot  – @ 20.06.12,03:38 PM

Gold Update at 4PM:  Prices have broken intraday support level of 30150 levels. Now it is clear that there is a scope to test next support levels of 30070/29965 levels on intraday basis. Higher resistances are seen at 30210/30270. But it might recover slightly before going to fall.

Recommend to sell from higher levels.

Gold Update: Sustained trades below $1605 would confirm further weakness and it is likely to move towards $1597 levels. Key resistance level to watch for intraday is at $1615. At MCX prices are likely to remain lower as long as 30210 resistances remain intact. Break below 30100 would trigger fresh selling towards 30040 levels. We suggest selling on pullbacks.

Free Recommendation : (Update)

Gold Call , All Targets Achieved,Sold @ Low Made:30016 Profit:22000+ per  @ 20.06.12,07:30 PM

COMEX Gold Aug: Prices are trading down by $20 or 1.25% at $1602 levels. Intraday support is seen at $1596/1586 levels. From technical end expecting prices to turn towards higher side after testing support levels of $1586-1584 which is short term trend line support and also this is matching with Fibonacci 61.8% support levels. Incase if its breaches then it is a clue that prices are going to breake  $1522 levels which is a   short term consolation support levels.

Gold Update at 9 PM: Prices took some pullbacks after making an intraday low of 1595.1 and currently trading at 1610.7 levels. Trading range expected to be 1595-1615 for this hour. Only a break above 1615 it is possible to see some upside gains towards 1621 levels. At MCX prices are still witnessing a stiff resistance of 30210 levels. Sustained trades below the same it is expected to resume its DOWN TREND

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