24 July Wednesday View

Gold closed with another high yesterday. 32300 (USD 1339.60) is now broken ; the next is 32550 (USD 1349.80), which if broken and held, the price may see a test of 33387 (USD 1384.51). So far, whatever the price movement in upside has occurred, it can not be considered as the longer term downtrend reversed and as an uptrend, but rather just a correction.

32250 (USD 1337.50) and 32000 (USD 1327.16) should provide support for today.

Trade Happy. Trade Safe :)