GOLD UPDATES FOR AUG 2 20`5

SUNDAY




WEEKLY UPDATE





Gold in international market was trading in the range between 1110$ to 1080$ but never closed below its long term supports


below 1086$, the above said level is very crucial for gold and we expect prices to correct further if prices closes below


1086$,trend remains bearish and close below 1086$ will confirm the downtrend . Sell only below 1085$ with stops above


resistance is advisable.



Weekly Call :



Sell International gold only below 1085$



and on rises up to 1090$




with stops above 1110$



for targets 1050$ and 1030$.




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