COMMOTRENDZ GOLD VIEW 4 THE DAY ::: GOLD STILL IN RANGED MODE. NEED STRONG RES ZONE OF 1586-1588. IF TODAY DONOT BRAKE THIS THEN WE WILL SEE SHARP FALL IN GOLD IN COMING DAYS. ELSE WE CAN SEE SHORT TERM BOTTOM IN GOLD N MARKET CAN REVIVE UPSIDE JOURNEY. RUPEE WILL BE VOLATILE TODAY ON ACCOUNT IIP DATA. WHICH WILL MAKE GOLD ALSO VOLATILE IRESPECTIVE OF COMEX LVLS WHICH REMAINED FLAT. INTRA SLITE POSITIVE ABV 29424 LVL. BOTTOM FISHING IF SAFE 4 NOW. STRONG INTRA SUPPORT FOR THE DAY IS 28270 28280 GOOD ENTRY ZONE. STRONG RES NOW IN MCX AT 29622 LVL. HOURLY CLOSE ABV THIS LVL WILL GIVE SOME POSITIVE.
GOLD COMEX INTRA TRADING RANGE 1566-1588 BIAS NETURAL TILL DONT BREAKE 1588 IT WILL REMAIN RANGED. DAILY CLOSE ABV 1588 WILL BE FIRM IN GOLD
MCX GOLD 29244-29622 EITHER SIDE BREAK MORE DIRECTION ON CLOSE BASIS.
GOLD SPDR MKT HOLDINGS STANDS AT 1236.73 DOWN BY 1 MT.
GOLD LBMA FIXES AT 1579 UP BY 2 USD.
USDINR MAR TRADING RANGE 54.12-54.68 EITHER SIDE BRAKE MORE DIRECTION. For more please visit www.commotrendz.com
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