Gold has eventually broken out from ascending triangle in the world market bringing the indian market also to sky rocketing prices.
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Gold is expected to move higher from here, and i expect it touch atleast 8100-8200 in coming days, or even in this week itself. Gold finally closed at 530USD and right now trading even higher at 531.60USD/ounce which will eventually take it to Rs8100-8200/10gms range very soon. Traders who has bought it at lower level are reaping good profits from it and we will see another high soon in it. Gold's now intermediate support is 519-520USD and if remains above it then we will see it moving higher and higher and higher.
Even if gold breaks 519USd support level still its a good buy, but then one should wait for it consolidate at lower levels, that is little too early to say, right now let us ride the bull move.

best of luck!