Tuesday, August 14, 2012

COMMOTRENDZ GOLD VIEW 4 THE DAY

COMMOTRENDZ GOLD VIEW 4 THE DAY ::: GOLD ALTHOUGH GAVE LITTLE BREAKOUT BUT MINOR RES IS IN AREA OF 1630 AND STRONG RES 1640-1645 ZONE. ANY WEEKLY CLOSE ABV 1645 WILL CALL FOR TGT OF 1840 IN COMING DAYS. WATCH OUT THIS LVL. MCX HAVING STRONG RES AT 30333 ANY WEEKLY CLOSE ABV THIS LVL WILL CALL FOR TGT OF 31000-32500 IN COMING MONTHS. WILL REMAIN VOLAILE AT HIGHER LVLS. TODAY GOLD CAN SEE PROFIT BOOKING IN EVENING SESSION IF NOT ABLE TO BREAK 1625-1628 ZONE.

GOLD COMEX INTRA TRADING RANGE 1594-1628 HOLD N WEEKLY CLOSE  ABV 1645 CAN TAKE UPTO 1840 IN COMING DAYS. HEAVY RES AREA 1640-1645 LVL. SHARP MOVES EXPECTED AROUND THIS LVLS.
GOLD MCX INTRA TRDING RANGE 30222-29888 EITHER SIDE BREAK ON CLOSING BASIS MORE DIRECTION.
SELLING IS GOOD ONLY AT HIGHER LVLS.
RISKY BUY GOLD  29960-29970 TGT 30066-30158 SL 29888
SELL GOLD  30180-30190 TGT 30088-30000 SL 30222
GOLD SPDR HOLDINGS STANDS AT 1258.15 UNCHANGED.
GOLD LBMA FIXES AT 1622.50 UP BY 4 USD .
RUPEE TRADIING RANGE 55.16-55.82 BUY USD IN DIP 4 THE DAY. 
BUY USD/INR ABV 55.88 TGT 56.12 SL 55.50 for more please visait www.commotrendz.com

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