June 09, 2011

Bullion Gold MCX, Gold Tips, Gold Price Technical Analysis 09 June

The Gold price shows drift on lower side is favoured towards 22318, but is doubtful to develop into major weakness unless below 22300-280 region convincingly. Consistency below 22280 would call for long liquidation pressure which may extend towards 22200/21950 later. The Gold Price Trend is lower and near term for Gold price is showing Upward Flow for Gold.
R3 22912/23083
R2 22641/712/832 
R1 22461/512/610 
Pivot 22431 
S1 22384/312 
S2 22255/203/081 
S3 22005/21922 
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