gold intraday

Gold pulled back today for the first time in 5 days. We are still holding above the minor 955 and major 946 support points, and accordingly our bias remains bullish. The topside resistance is seen to be at 988 with the major target still holding at 1032. Now support for the gold MCX is seen at 13250 and below could see a test of 13135. Resistance is now likely to be seen at 13560, a move above could see prices testing 13755.

Trading Ideas:

TRADING RANGE IS 13135-13755.
SELL GOLD BELOW 13160 SL 13235 TGT 13100-13080-13000. MCX
OR SELL ABOVE 13450 SL 13475 TGT 13400-13360-13280. MCX
IN SPOT 948-950 IS THE GOOD LEVEL FOR BUYING.

MCXARUN
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