In a chat with ET now, Vijay Bhambwani, Author, CEO, BSPLindia.com (Technical Check) gives his overview on gold.

ET Now: What is your call on gold?

Vijay Bhambwani: As far as gold is concerned, the 24800 mark is where I would say an absolute bottom exists for the near to medium term. I doubt if gold will go below this level in the coming 3 to 4 maybe 5 weeks and on the upside by the end of this calendar year, I have a target of between 27500 to 28000 on gold.

Source: http://economictimes.indiatimes.com