COMMOTRENDZ GOLD VIEW 4 THE DAY ::: GOLD MCX HAVING STRONG SUPPORT AT 31444 LVL GOOD ENTRY ZONE. WE CAN SEE GOOD BOUNCE BACK FROM THIS LVL TO NEW HIGHS IN MCX. COMEX MKT HAVING SUPPORT AT 1746 GOOD ENTRY ZONE. STRONG RES NOW AT 1772-1773 LVL. HOLD ABV THIS LVL ON HOURLY BASIS CAN SEE UPSIDE UPTO 1804 LVL STRONG RES ZONE NOW. WEEKY CLOSE ABV THIS LVL WE WILL SEE GOLD CAN GO SMARTLY UP UPTO 1830 1835 LVL.
GOLD COMEX INTRA TRADING RANGE 1772 - 1746 .
GOLD MCX INTRA TRDING RANGE 31400-31966 EITHER SIDE BREAK ON CLOSING BASIS MORE DIRECTION. BIAS POSITIVE BUT BUY IN DIPPER LVL NEAR SUPPORT.
BUY GOLD MCX OCT 31444-31488 TGT 31666-31999 SL 31377 POSITIONAL
GOLD SPDR MKT HOLDINGS STANDS AT 1301.48 UNCHANGED.
GOLD LBMA FIXES AT 1770 DOWN BY 5 USD.
RUPEE TRADING RANGE 54.68 - 53.78 WILL WAIT FOR WEEKLY CLOSE TO COME TO NEAR TERM OUTLOOK. OVERALL STRONG SUPPORT SEEN AT 52.80 LVL. THERE IS NO CHANGE IN FUNDA AT THE MOMENT. BUT DUE TO POLICY CHANGE WE HAVE SEEN SMART RECOVERY. ITS LONG WAY FOR RUPEE TO GIVE SMART RECOVERY. For more please visit www.commotrendz.com
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