positive and negative for the session. This was due to news
and US data released throughout the session as traders and investors
alike are trying to absorb and decipher all the global data.
Tuesday, avalanche sell-off was directly linked to indications
that the Chinese Central Banks were considering raising their
interest rates again.
ANALYSIS
In my openion Gold must trade between $1342-$1350, a rangebond
market must be seen for few more session also open an eye for today
US data release.
Today reports
INITIAL JOBLESS CLAIMS........6:00PM
EXPORTS SALES.........................6:00PM
MY COUNTS FOR 11/18....DECEMBER GOLD
RESISTANCE # 2..................$1352.00 (MCX Rs 20112)
RESISTANCE # 1..................$1344.00 (MCX Rs 20016)
PIVOT....................................$1337.00 (MCX Rs 19948)
SUPPORT # 1........................$1330.00 (MCX Rs 19852)
SUPPORT # 2........................$1322.00 (MCX Rs 19784)
RECOMMENDATION : SELL ON HIGHER LAVEL UNTILL GOLD BELOW Rs 20100
RAHUL KUMAR
GOLD Analysist
Comments me : bestech30@gmail.com
Subscribe me : TRADETOPROFIT
No comments:
Post a Comment