Technical Roundup for Bullion (21 July 2008)

Gold MCX Aug' 08
S1: 13050

S2: 13140

CLOSE: 13210

R1: 13350
R2:13510

Technical Recommendation for trading on gold for day or two.

book profit on sell below 13475/13325/ 13190, for the day sell only below 13140 S/L 13160 and T/p towards 13050-40 where good support seen again OR buy abv 13350 S/L 13320 and T/p 13400-13460/towards 13525 (any time close above 13670 bullish while close below 13140/12750/12150/11920/11775/ 11375/11200 bearish for medium term)