DAILY GOLD TREND FOR 16 NOV

 Ireland would request aid from the Eur750 billion emergency
 loan program created by the IMF and the European Union last week.

Portugal, Greece, and Ireland are carrying heavy debt and the
global markets are concerned that their borrowing practices
will cripple the Euro region’s economy.

The jewelers of India have been actively buying price on dips.
The Wedding season extends through December and
physical demand from India to remain steady....

Reports

PPI ................ 06.00PM



MY COUNTS FOR 11/16 December Gold

RESISTANCE # 2...............$1391.00(MCX Rs 20409)
RESISTANCE # 1...............$1380.00(MCX Rs 20314)
PIVOT.................................$1368.00(MCX Rs 20190)
SUPPORT # 1.....................$1355.00(MCX Rs 20095)
SUPPORT # 2.....................$1343.00(MCX Rs 19971)

RECCOMENDATION : SELL ON HIGHER LEVEL

RAHUL KUMAR
GOLD Analysist

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