GOLD --- 20000 OR SUB 20000 LEVEL POSSIBLE IN NEXT 6-12 MONTHS ?

On 5'th june we have mentioned that GOLD may head towards 28000-28200 range. See this post http://www.kolhapuritrader.blogspot.in/2013/06/gold-heading-towards-28000-28200.html

After reaching this level GOLD resumed it's downtrend. Now what will be next possibility ?

This is weekly chart of gold future. One can clearly see that now gold is near its important support level of 25000. So now if it gives weekly close below 24900-25000 range. It will head towards 20000 or sub 20000 level over a period of 6-12 months.

DISCLAIMER: This Blog is meant for sharing our trading and investment ideas only and no calls to be taken as trading / investment recommendation. Visitors please do your own research or consult your advisers for safe trading, investing.