gold bees formed cup with handle pattern at weekly chart. it may go upside in upcoming days. now a days gold rate is going high due to various reason. so, consider gold at every tip. last year pivot R1 (53.70) is the next support. this year pivot range 51.70 is another strong support & demand zone.
this analysis is for learning purpose only. It is just a view, please trade at your own risk. I'm not SEBI registered adviser.