The gold prices are seen trading at $1541.30, down by $2.80. The report for gold price in regards of Asian stocks reserved of Gold fell for the third consecutive day leading the MCX and other Asian index to drop by 0.3%. The Currency reports for the export earnings and before reports today and tomorrow that may show a US index of optimism fell in June and German exports declined in April.
GOLD Technical Analysis:
GOLD MCX (AUG):
The Trend for gold price at MCX is Consolidate and strategy is to buy Gold on dips
RESISTANCE: R2 -23080 R1 -22890
SUPPORT: S1 - 22610 S2 - 22350