Trade Huge

Gold started well in the start of month of june , touched a high of $990 / oz , it tried to stay at levels above $980 lot of selling at higher levels pushed the prices down.

It started to slide more quicker and in a day it had movement of $980 to $955 a huge sell off, continuing with the downward movement gold made a low today of $913.50 this is the lowest gold price this month.

Gold charts has formed a steap mountain going upward initially this month and coming down sharply. About 7 days left for the month will watch out the closing of gold price for this month. Traders should wait for the right time to enter to purchase gold.

Gold trading at $771 , made a high of $772, price going up due to drop in usa dollar prices.

Gold went up to $755.85 in matter of 10 minutes from $745 level and there after fell again to intra day low of $732.5, its unable to sustain the price above $750 , it is stable at $734-$738 levels.

Gold is showing a trading range between $730 at lower side and $750 at higher, as soon as the price nears 748 levels there is lot of selling. $750 would be crucial break out level for gold. At the lower side $730 seems to be level where lot of buying is seen. The recent bounce back of gold from lows of $694 has been strong. Gold is currently trading at $744/ounce

Gold back to $750 levels after droping to $695 with falling crude and global uncertainties , there is lot of demand from India which is largest consumer of physical gold in the world.  Currently gold is trading at $750 / ounce.

Crude oil goes down further to make new low of $57.21 and gold falls to $723, both have gone up from their lows and trading higher currently.

Gold has a strong support at $730 level, if this breaks it could see some down slide to about $700- $650 levels. It has stayed above this crucial resistance level , it could hold on as lot of investors would be using gold as a measure to hedge their losses at these levels, crude seems to have bottomed out now at $58/ barrel. Gold seems good investment bet with current market conditions.