gold weekly chart analysis
kindly note that if u dn not understand the chart, carefully trade through the levels given in this post... 
 Gold has broken the channel pattern as shown in fig... As i had 
mentioned earlier it has a strong support at 30600 which is broken on 
thursday. now gold is ready to face short term bearishness. 
 gold 
made double top at 32400 level n fell down to 31000 level & broke 
23.60% fibo.retracement level (31350). after this fall, gold was unable 
to give closing above this level. then it took support on 38.20% 
retracement level (30680). now it is also broken means gold is likely to
 touch 30140 in short term which is 50% retracement level. but before 
that is has to break 30370 level on closing basis. on the contrary 
 buying is advisible if n only if gold closes or breaks 30925 level.
 
 sell: around 30600-620 SL 30925 target 30370, 30140