In hourly chart prices are witnessing falling trend line resistance at $1624 levels. On beak above the same might strengthen and next target is seen at $1632 levels. On other hand if it fails to breach same in this hour then it might test intraday low $1613-1611 levels however this is the going to be a crucial hour to take decision. Overall still we are holding daily view as Bullish,

Our Morning Call was

6/5/2012 10:31 Buy Gold @ 29990 T1:30040 T2:30125  SL Below:29850SecondBuy:29910
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