Gold Analysis October 24, 2013

Price of gold showed neutral to negative movement yesterday. We missed our long entry by few cents only. We have internet connectivity issues so today there is very short description.

50-DMA (stands at 1344) may provide minor resistance in upward way towards 1364.

Support                1330.00 1325.00 1315.00 1310.00 1302.00

Resistance           1345.00 1350.00 1360.00 1367.00 1375.00

Gold Analysis

We suggest selling one lot at 1348 keeping stop loss at 1358. Target is 1328

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