13 Nov Wednesday View

Gold is closing lower for last 4 sessions since Thursday. When the metal is below  31514  (USD 1307) - 31371 (USD 1301), a convergence area of fib  retracements of bigger trends, and 30768 (USD 1276), another retracement at 23.6 % of 38340 (USD 1590) to 28453 (USD 1180), the only other reliable support seems to be around 30165 (USD 1251) area. If even that support gives up, then chances are we may see the price test the June low at 28453( USD 1180) once again.

Trade Happy, Trade Safe :)