COMMOTRENDZ GOLD VIEW 4 THE DAY

COMMOTRENDZ GOLD VIEW 4 THE DAY ::: GOLD BROKE LOOSE AFTER ECB CHIEF STATED THAT EURO  APPRECIATION  IS STRONG SIGNAL FOR GOOD EURO GROWTH HENCE GOLD SEEN LOWER AFTER HIS COMMENT.   SUP SEEN IN COMEX AT 1630 LVL. HOLD BLW THIS LVL FOR 15 MIN LOOKS WEAK. ELSE CAN SEE REBOUND IN THE COUNTER.  THIS IS STRONG SUPPORT ZONE ON INTRA DAY BASIS. MCX SUPPORT SEEN AT 30244 LVL. CLOSE BLW THIS LVL WILL BE WEAK UPTO 30000-29444 LVL IN COMING DAYS. STRONG RES SEEN AT 1660 LVL. CLOSE ABV THIS LVL ONLY BULLISH.

 GOLD COMEX INTRA TRADING RANGE 1630-1660 EITHER SIDE BREAK N CLOSE MORE  DIRECTION.
RISKY BUY GOLD COMEX 1645 TGT 1666-1685 SL 1628
MCX GOLD 30812 -30244 EITHER SIDE BREAK MORE DIRECTION ON CLOSE BASIS
GOLD SPDR MKT HOLDINGS STANDS AT 1326.89 UNCHANGED.
GOLD LBMA FIXES AT 1652  DOWN   BY 17 USD.
INR TRADING RANGE 54.28-53.66 RUPEE RANGED. RUPEE NEAR IMPORTANT REVERSAL LVL OF 54.28. CLOSE ABV THIS LVL LOOKS POSITIVE ELSE CAN SEE PROFIT BOOKING IN THE COUNTER MAY PUSH GOLD FURTHER DOWN. For more please visit www.commotrendz.com