COMMOTRENDZ GOLD VIEW 4 THE DAY ::: GOLD COMEX RES AT 1618-1620 LVL. OUTLOOK POSITIVE BUY IN DIP FOR THE DAY. TODAY RBI POLICY WHICH WILL MAKE RUPEE VOLATILE. ANY RATE CUT WILL MAKE RUPEE STRONGER AND GOLD CAN FALL. OVERALL OUTLOOK REMAIN POSITIVE IN COMEX. SUPPORT SEEN AT 1684 LVL GOOD ENTRY ZONE. MCX SUPPORT NOW SEEN AT 29366-29377 LVL GOOD ENTRY ZONE. STRONG RES NOW SEEN AT 29777 LVL. DAILY CLOSE ABV 1620 WILL MAKE FURTHER UPSIDE. WEEKLY CLOSE ABV 1620 LVL WILL GIVE SHARP UPSIDE N STRONG BUYING INTEREST IN GOLD AND CAN GO UPTO 1668 LVL.
GOLD COMEX INTRA TRADING RANGE 1584-1620
MCX GOLD 29322-29777 EITHER SIDE BREAK MORE DIRECTION
GOLD SPDR MKT HOLDINGS STANDS AT 1219.45 DOWN BY 14 MT.
GOLD LBMA FIXES AT 1603 UP BY 8.50 USD.
USDINR MAR TRADING RANGE 53.77-54.44 EITHER SIDE BRAKE MORE DIRECTION. BIAS BUY IN DIP. BUT RBI MONETARY POLICY WILL MAKE SWING VOLATILE 4 GOLD.
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