Gold is gradually moving upwards and extending its gains, touching the resistance level near $1350. Prices holding above the $1330 support level will keep the bullish bias intact and only a break below this support level will deeper the correction towards $1310. Overall, our intraday bullish view remains the same. Accordingly we prefer to buy gold around $1330 targeting $1352, $1363 and $1375. On the downside we might see the levels of $1325, $1310 and $1298.
Posted on: Fri, 25 Oct 2013 07:23:21 +0000
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