The USGOLD Index is making a double bottom reversal pattern and has given a good breakout from that zone, the price should retrace to the breakout zone and keep its steady movement intact on upperside.
The chart suggests bullish movement in Gold market with a target of around 100-120 points i.e. 1830-1850 dollars an ounce levels.
This roughly translates to the levels of ₹54800-55000 for Gold in near term in India.
