General Discussion, page-29

Spot gold may break resistance at $2,417 and bounce further to $2,432, according to Reuters technical analyst Wang Tao.

Meanwhile, India slashed import duties on gold and silver to 6% from 15%, which ANZ said should support jewellery manufacturing in the world's second-biggest consumer of bullion and add to an already favourable backdrop for demand.

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Very quite bullish, it has tested resistance today, GDP report comes out tomorrow though which could be why we are stuck at resistance of 2417. However that being said the fact that india slashed import duties provides some decent runway for miners regardless of a drop in gold price the slash in import duties will help miners as this creates demand for its product at price levels 20%+ since last quarterlies. Going forward they expect gold to continue its uptrend after a brief consolidation period however if GDP is below expectations this could easily send gold price north from here on some extra bullish price action, the reason for the dip from the ATH recently is the anticipation of the GDP readings.