Manav Modi

“rising to around Rs 155,145”

“Rs 157,500–158,000 the key resistance zone for the week”

“20-day Bollinger Band average is at Rs 147,008”

“upper band is at Rs 157,600”

“lower band at Rs 136,415”

“key Fibonacci retracement levels are around Rs 153,500, Rs 150,700, Rs 148,500 and Rs 146,000”

“weekly bias remains bullish as long as gold holds above Rs 152,000”

“Rs 160,000 as the next upside target”

“break below Rs 147,000 would weaken the positive setup and could bring Rs 140,000–142,000 back into focus”

“Markets now see only around a one-in-three probability of a September hike”

“PBoC extending its gold-buying streak to 21 consecutive months”