Gold Update at 11AM: Prices are trading almost near to our CDRR Report Levels.

however on COMEX platform prices are still hovering at $1571 levels. Intraday expected Selling zone is seen around $1586-1589.

We recommend to take short position around 29640-60,Target : 29585-29540,SL:29810 ….CMP 29644 @09.07.12,11:24 AM

Gold Update at 12PM: short position has been initiated recommend to hold the position. Expected technical supports for the next hour is 29600/570 and resistances are seen at 29690/720 expected range for next hour is 29600-690 on down side basis.

Free Recommendation Update :

Gold Sell Call,Short Given @ 29640-60,Low made:29578,Target1 Achieved,Profit: Rs.6000+ per lot @09.07.12,03:21 PM

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