17 July Wednesday View

Price, ever since broke the level 30590 (USD 1268.68) on 10^th July, it has been within the range of 31300 (USD 1298.12) and 30590 (USD 1268.68), but with higher highs within.

Cautiously Bullish View is still intact. Fed Chairman Mr. Bernanke's testimony in front of the Congress on Monetary Policy tonight and tomorrow should create some volatility in the market. Once Gold breaks 31369 (USD 1301) resistance level, we are expecting to see higher prices.

Stay Safe :)