COMMOTRENDZ GOLD VIEW 4 THE DAY

COMMOTRENDZ GOLD VIEW 4 THE DAY ::: GOLD COMEX STRONG RES NOW AT 1668 LVL. HOLD ABV THIS LVL ON HOURLY BASIS CAN SEE UPSIDE UPTO 1680 LVL ELSE CAN SEE RETRACE FROM THIS LVL. MCX STRONG RES NOW AT 30612 LVL. GOOD SELLING ZONE. AFTER NO RATE CUT TINKERING WITH CRR AND REPO RATE RUPEE BECAME STRONGER. IN TURN MAKING GOLD WEAK 4 THE DAY. SELL ON RALLY 4 THE DAY. NO CHANGED IN REVERSE REPO AND INTEREST RATE. SO MKT WILL SEE MORE STRONGER RUPEE AND EQUTIY MARKET CAN SEE PRESSURE EXCLUDING BANKING STOCKS WHICH ARE STRONGER AFTER CRR AND REPO CUT. OVERALL OUTLOOK MIXED IN EQUITY AND GOLD WILL MAKE LOWS IN COMING DAYS TOO.

GOLD COMEX INTRA TRADING RANGE 1668-1650

EITHER SIDE BREAK N CLOSE MORE DIRECTION. BIAS WEAK AT HIGHER LVL.

MCX GOLD 30612-30222 EITHER SIDE BREAK MORE DIRECTION. BIAS WEAK AT HIGHER LVL.

GOLD SPDR MKT HOLDINGS STANDS AT 1328.09 DOWN BY 1 MT.

GOLD LBMA FIXES AT 1656.40 DOWN BY 4 USD.

INR TRADING RANGE 53.58-54.38 RUPEE RANGED TO WEAK VOLATITY EXPECTED AROUND AND AFTER RBI DECISION. for more please visit www.commotrendz.com

COMMOTRENDZ GOLD VIEW 4 THE DAY

COMMOTRENDZ GOLD VIEW 4 THE DAY ::: GOLD HAVING STRONG RES AT 1700-1705 LVL. IF NOT BROKEN IN NEXT TWO DAYS ON CLOSING BASIS THEN WE MITE SEE WEAKNESS IN THE COUTNER. MINOR SUP SEEN AT 1681. MAJOR SUPPORT SEEN AT 1660 LVL. DAILY CLOSE BLW THIS LVL WILL MAKE IT WEAK.AFTER IMPORT DUTY REJIG BY 50% GOLD REMAINED FLAT DUE TO STRONGER RUPEE. DUTY RAISED BY 2 PERCENTAGE POINT FROM 4 TO 6. IMPACT WAS NEGATED BY STRONGER RUPEE. STRONG MCX RES REMAIN NOW AT 30888 LVL. TWO CLOSE ABV THIS LVL MAKE SOME RECOVERY ELSE CAN FALL UPTO 30444 LVL IN COMING DAYS. DAILY CLOSE BLW 30444 WILL MAKE GOLD WEAK UPTO 30000 IN COMING DAYS. OUTLOOK REMAIN WEAK IN MCX AS STRONGER RUPEE WILL MAKE IT TOUGH FOR GOLD TO SUSTAIN AT HIGHER LVL. SELL ON RALLY FOR THE DAY.

GOLD COMEX INTRA TRADING RANGE 1706-1682 EITHER SIDE BREAK N CLOSE MORE DIRECTION.  BIAS WEAK AT HIGHER LVL.
MCX GOLD  30888-30444 EITHER SIDE BREAK MORE DIRECTION. BIAS WEAK AT HIGHER LVL.
SELL GOLD MCX  30880-30900 TGT 30644-30444 SL 30944
GOLD SPDR MKT HOLDINGS STANDS AT 1332.61 UNCHANGED.
GOLD LBMA FIXES AT 1687.50 DOWN BY 1 USD
INR TRADING RANGE 53.28-54.09 RUPEE RANGED TO POSITIVE. BUT CAUTION SUGGESTED IN SELING RUPEE AT LOWER LVL. SHARP RECOVERY/SHORT COVERING CAN BE EXPECTED. for more please visit www. commotrendz.com

COMMOTRENDZ GOLD VIEW FOR THE DAY

COMMOTRENDZ GOLD VIEW 4 THE DAY ::: GOLD IN RANGED MODE. AFTER FOMC MEET NO CLEAR CONSENSUS ON INFLATION HOLDING GOLD FLAT. ANY CONCERN RELATED TO THIS ISSUE WILL GIVE BOOST TO GOLD. SAME TIME TINKERING WITH INTEREST RATE WILL MAKE GOLD VULNERABLE FOR LOWER SIDES.  GOLD  IF ABLE TO GIVE WEEKLY CLOSE  ABV 1672 LVL THEN POSITIVE UPTO 1696 EXPECTED. GOOD SELLING ZONE LONG TERM FOR DOWN SIDE TGT OF  1628-1588

GOLD COMEX INTRA TRADING RANGE 1675-1660 EITHER SIDE BREAK N CLOSE MORE DIRECTION.  BIAS WEAK AT HIGHER LVL.
MCX GOLD  30964-30666 EITHER SIDE BREAK MORE DIRECTION.
GOLD SPDR MKT HOLDINGS STANDS AT 1337.73 UNCHANGED.
GOLD LBMA FIXES AT 1666.50 UP BY 9 USD
INR TRADING RANGE 54.38-55.05 RUPEE RANGED....For more please visit www.commotrendz.com

COMMOTRENDZ GOLD VIEW 4 THE DAY :::

COMMOTRENDZ GOLD VIEW 4 THE DAY ::: GOLD IMP AND STORNG RES ZONE AT  1662-1665 IF  NOT TODAY BROKEN THEN WE MITE SEE AGIAN REVERSAL TO LOWER LVL. TO SEE STRONG  BEARISHNESS WE HAVE TO SEE CLOSE BLW 1630 LVL ON WEEKLY CLOSE BASIS. MCX STRONG RES  NOW AT  31166 LVL GOOD SELLING ZONE.  CLOSE ABV THIS LVL ON DAILY BASIS CAN SEE  SOME SHORT COVERING ELSE WEAKNESS CAN BE SEEN. MCX STRONG SUP NOW STANDS AT 30788. HOLD BLW THIS LVL WE CAN SEE WEAKNESS IN THE COUNTER.

GOLD COMEX INTRA TRADING RANGE 1668-1626 EITHER SIDE BREAK N CLOSE MORE DIRECTION.   BIAS WEAK AT HIGHER LVL.
MCX GOLD  31166-30788 EITHER SIDE BREAK MORE DIRECTION.
GOLD SPDR MKT HOLDINGS STANDS AT 1340.75 DOWN BY 1.35 MT.
GOLD LBMA FIXES AT 1645.25 DOWN BY 3 USD .
INR TRADING RANGE 55.68-55.04 RUPEE RANGED TO WEAK. BUT TODAY IF NOT ABLE TO GIVE CLOSE AB V  55.68 THEN WE MITE SEE PROFIT BOOKING AND CAN FALL SHARPLY MAKE GOLD WEAK. IMP LVL 4 THE DAY. For more please visit www.commotrendz.com