Gold Technical Analysis from 30 Sept’13 Onwards

Gold Daily Chart

Gold Daily Chart

MCX Gold Daily Chart

MCX Gold Daily Chart

Yellow Metal is forming its base in International market, which is reflected in MCX Gold as well.

Technically Speaking –

International Gold @ 1336.30 making marginal higher lows from last four sessions, forming a minor trend line upon which it is taking support.

Week on week basis Gold prices moved higher by $10.

As shown in attached Gold prices reached closed to falling trendline resistance, breakout from this line will entice further buying interest in Gold.

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