GOLD TREND FOR MAY 31st

GOLD SETTLE $ 1563.40 UP BY $ 14.70

Gold covered a very volitile range of $ 34.70 and made a low $ 1532.40 early
opening of Comex trading.  However, after the release of US panding Home sales
(too below expection) start a strength rally towards $ 1569 befor closing $ 1563.40.

Note : Despite weakness in all Euro, Crude, Stocks and other commodites, Gold
overcome all and settled higher.

Keep close watch at U S Jobless claim release today at 1800 hrs to develop a
trade set-up.  Today comfort Zone for gold could be $ 1550-53 and resistence
$ 1584-86 level. .

TODAY LEVEL

RESISTENCE #2............................$ 1586
RESISTENCE #1............................$ 1575
PIVOT............................................$ 1552
SUPPORT #1.................................$ 1542
SUPPORT #2.................................$ 1520

MCX

RESISTENCE #2............................INR 29400
RESISTENCE #1............................INR 29255
PIVOT............................................INR 29020
SUPPORT #1.................................INR 28880
SUPPORT #2.................................INR 28620

Happy Trading

Rahul Kumar
Gold Analysist

Call me for trade set-up : 969-0022-884

Note : We also going to publish our quarterly report and analyisis with recommendation in IInd week of Jun.
 2012.  To get this report in your in-box mail us at comexgoldfuture@yahoo.com
.