Gold (DEC-16) Mid-day Analysis 22 November 2016

Further Advance

Our Pivot: 1202.7

Our Preference: Buy above 1212.7 with strict stop loss of 1202.7 and target at 1225.7 and 1232.7.

Alternate Scenario: Downward penetration of 1202.7 will call for 1192.7.

NOTE: Supported by a rising trend line.

Chart with Supports and Resistances: