GOLD T E C H N I C A L V I E W- 23-27 Jan 2012

MCX GOLD, last week showed sideways movement moves in range of 27200-27800. Fundamentally gold is in bull trend due to weakness of dollar, now gold face resistance around 27800 if it able to break this level than bull rally continues towards 28200-28500. On other hand 27000 is act as support zone for it below this next support is around 26500.

S T R A T E G Y

Buy on dips with the stop loss of 27000, for the target of 27750/28200.

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