To day FOMC announce the meeting result at 09.00pm
this will give a breakout of gold trend
.It will also be interesting tosee today if there is buying
interest from the Asian sector as they have been
aggressive buyers during the previous market price dips.
With the "DIWALI festival only 2 days away I would imagine
the jewelers of India will need to stock and re-stock their
shelves as the Hindu Holiday is auspicious for an insatiable
demand for both Gold and Silver....
Today's trading session will very technical , its must trade
between RESISTANCE and SUPPORT levels....on breakout
of these level will decide the maket trend
REPORTS: 03/11
FOMC MEETING (last day) announce................ 09.00PM
MY SWING NUMBERS 03/11.......December Gold
RESISTANCE # 2....................$1366.00(MCX Rs 19845)
RESISTANCE # 1....................$1361.00(MCX Rs 19780)
PIVOT....................................$1355.00 (MCX Rs 19725)
SUPPORT # 1.........................$1346.00(MCX Rs 19624)
SUPPORT # 2.........................$1342.00(MCX Rs 19567)
RECOMMENDATION : (KEEP AN EYES ON FOMC ANNOUCEMENT)
RAHUL KUMAR / GOLD Analysist
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