The reason why we feel GOLD may Rise.
* To Rise and come near 1234 levels
* (3,3,14,Close) is SINKING.
* (14,CLOSE) is SINKING.
* (20,CLOSE) is SINKING.
Keeping all the above indicators in view along with the chart pattern we expect it to Rise. Our LONG call shall be from LONG @ :1224, SL: 1221, TGT 01:1238. The view expressed here is on weekly basis. [b]Caution: The above is our personal view. It is not a recommendation neither a tip nor an advice for trade. Please consult your personal financial advisor before investing.