(04.10.2016) fail to provide a breakout from $1248-1250 area & thus fall sharply towards $1308 support. However now on intraday basis support is broken & it will be very interesting to watch the next move. Either gold
will retest/recover above support turned into resistance or fall will continue towards next support level
around $1282 followed by $1265.
Tip : Go long if $1282 level or a reversal came above $1301 mark.
levels -> S2(29810) S1(30200) cmp
(30440) R1(30800) R2(31150)
Note - Above technical analysis
is not a buy/sell recommendation.