GOLD TREND FOR JULY 25TH

GOLD SETTLE $ 1576.20 LOWER $ 1.20

The gold market has been largely range-bound since May, caught
between selling tied to the softening euro but drawing support from
bargain-hunting at lower level.

They described a technical-chart pattern in which gold is forming an
 increasingly tight “wedge” consolidation-type formation that is often a
harbinger of a sharp break either way.

Traders of Yellow metal advised keep a very close eye, wht is going
to happen in Europe and   fundamentaly wht soluation take place in the
market.  Last night the euro fell as far as $1.2043,
its weakest level in two years. 

RECOMMENDATION : BE READY TO SHARP BREAKOUT.....TILL THAT SELL ON HIGHER (1585-87) AND BUY ON DIP (1562-65) WITH STRICT SL

TODAY LEVEL

RESISTENCE #2............................$ 1591
RESISTENCE #1............................$ 1584
PIVOT ...........................................$ 1576
SUPPORT #1.................................$ 1568
SUPPORT #2.................................$ 1560

MCX

RESISTENCE #2............................INR 29700
RESISTENCE #1............................INR 29630
PIVOT ...........................................INR 29510
SUPPORT #1.................................INR 29440
SUPPORT #2.................................INR 29330

Happy Trading

Rahul Kumar
Gold Specialist

Call me +91 895-8173-410

http://www.hansrajconsualtant.tk/




MCX