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
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