06 Aug Tuesday View

Gold is trading right at 150 SMA in H4, if this level is broken as well as  Friday's low of 30900 (USD 1281.54), we may see further slide. Since the 150 SMA is holding as of now, it will have to break 31800 (USD 1318.86) level after 31300/31550 (USD 1298.12/1308.49) levels for any possible further moves.
Trade Happy, Trade Safe :)