Gold Mid-day Analysis 19 September 2016

Further Advance

Our Pivot:1309.00

Our Preference: Buy above 1312.70 with strict stop loss of 1309.00 and target at 1321.70 with extension towards 1326.00.

Alternate Scenario: Downward penetration of 1309.00 will call for 1305.00.

NOTE: Supported by a rising trend line.