Gold for the Week August 4-8 - Rakesh Chandra

On EOD basis, gold will find it hard to sustain the upside.

Upwave (4-5) UT3 : 945;
Upwave (2-3) UT2 : 936;
Upwave (0-1) UT1: 921;

Price is bullish above weekly pivot point 911.77;
Price is bearish below weekly pivot point 906.03;

Down wave (0-1) WLT1: 897;
Down wave (2-3) WLT2: 882;
Down wave (4-5) WLT3: 872.