COMMOTRENDZ GOLD VIEW 4 THE DAY ::: GOLD INTRA NEED TO CUT N HOLD ABV 1714 LVL THEN WILL ABLE TO SHOW SOME FIRMNESS STRONG SUPPORT SEEN IN MCX AT 27700 LVL. ANY DAILY CLOSE BLW THIS LVL WILL SEE WEAKNESS. DOLLAR INDEX BROKE CRUCIAL RES ON UPPER SIDE WILL MAKE GOLD SLITE WEAK AT HIGHER LVL. AND RUPEE WILL START SHOWING WEAKNESS FROM THIS LVLS. HENCE GOLD WILL BE SUPPORTIVE IN MCX. BUY IN DIP 4 THE DAY.
MCX INTRA TRADING RANGE APR 27744-28282
COMEX INTRA TRADING RANGE 1714-1696 BIAS RANGED STRONG DAILY SUP SEEN AT 1678 LVL GOOD ENTRY AREA.
GOLD SPDR HOLDINGS STANDS AT 1293.68 FLAT.
GOLD LBMA FIXES AT 1705 SLITE WEAK
RUPEE TRADING RANGE 50.66-49.88 WEAK N EXPECTED TO BE VOLATILE AS ELECTION OUTCOME IS NOT FAVOURING CENTRAL GOVT HENCE WILL SEE MORE WEAKNESS IN COMING DAYS.
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