13 Sept Friday View

Gold had huge drop yesterday of almost 900 per 10 gm even breaking the 38.2 % fib retracement at 32221 (USD 1336.32), the next 23.6 % retracement lies at 30785 (USD 1276.77). Immediate support for today should be at 31500 (USD 1333.38) which is very close to the psychological level of 31345 (USD 1300.00), break of which may see the price test further low, for any upside gains the price will have to least break 32150 (USD 1333.38).

Trade Safe :)