Weekly View 16 Sept - 20 Sept

Gold's fall from recent high of 34560 (USD 1433.33) accelerated last week and the development suggests that the rebound from 28430 (USD 1179.10) might have been completed as the price has already broken 32500 (USD 1347.89) or if not the break of 30600 (USD 1269.09) should confirm that. Break of 30600 should test a low of 28430 and below. On upside, above 32765 (USD 1358.80) support turned resistance will turn focus back to 34480 (USD 1430), but will have to break 32400 (USD 1343.75) first to get there.
Trade Happy, Trade Safe :)