GOLD 05-OCT: The commodity followed the mixed tone of trend yesterday as expected. hit a high of 29680 and Low at 29540 before closing at 29608 (-20Rs)

We expect GOLD to trade negative today, a dropdown till 29470 – 29420 seems to be possible. we look 20625 – 29635  as a good range to sell from, 29692 can be used as stoploss for we see a strong resistance level at 29685 – 29690.