23 July Tuesday View

After opening up with a gap yesterday morning, Gold did pretty good yesterday, gaining around Rs. 513/10 gm, closing at 32172 (USD 1334.29), just below the 38.2 % retracement of 38302 (USD 1588.52) and 28463 (USD 1180.46).

Immediate resistance we have  are 32300 (USD 1339.60) and 32550 (USD 1349.80), if both of these are cleared, we may see a test of 33383 (USD 1384.51).

31870 (USD 1321.76) and 31325 (USD 1299.16) should provide support for now.

Trade Happy, Trade Safe :)