COMMOTRENDZ GOLD VIEW 4 THE DAY ::: MCX SUP STANDS AT 30840 LVL. DAILY CLOSE BLW THIS LVL WILL CALL FOR WEAKNESS UPTO 30600-30400 LVL IN COMING DAYS. ANY DAILY GOLD COMEX GAVE GOOD DOWN SIDE. NOW IMP LVL IN COMEX IS 1683 LVL. ANY WEEKLY CLOSE BLW THIS LVL ONLY SEEN AS BEARISH TREND. OTHER WISE ON HIGHER SIDE WEEKLY CLOSE ABV 1756 LVL NEEDED TO CONTAIN WEAKNESS. OVERALL OUTLOOK REMAIN POSITIVE FOR LONGER TERM OUTLOOK. INTRA COMEX IS POSITIVE ONLY ABV 1736 LVL. IF TODAY BREAK 1712 LVL THEN WE CAN SEE WEAKNESS UPTO 1688 LVL.
GOLD COMEX INTRA TRADING RANGE 1712-1736 EITHER SIDE BREAK MORE DIRECTION.
GOLD MCX DEC INTRA TRDING RANGE 30840-31188 EITHER SIDE BREAK ON CLOSING BASIS MORE DIRECTION.BIAS POSITIVE ONLY IF CLOSED ABV 31222 ELSE WEAK.
GOLD SPDR MKT HOLDINGS STANDS AT 1336.90 UP BY 2.70 MT
GOLD LBMA FIXES AT 1726.75 DOWN BY 10 USD.
RUPEE TRADING RANGE 53.38 - 54.32 RUPEE IN RANGED MODE.
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