DAILY GOLD TREND FOR 30 NOV

The Expiry day, so the maket having huge volatiely

The stronger dollar has been a bearish factor limiting the upside in the gold market.

The European Union's sovereign debt problems just won't go away,
even though Ireland did agree to a bailout package in recent days.
Traders are waiting for the next shoe to fall in that ongoing saga.
And while there have been no major fresh developments in the
North Korea-South Korea military stare-down, that situation is also
gold-market-bullish. Any major new and unwanted developments on
those two fronts could see a quick rally in
gold on strong safe-haven buying.

Many investors still believe the Chinese will raise interest rates as
their cost of in country commodities remain at historic high's...
This along with the unemployment data due out Friday and the
continued tension between North and South Korea have Gold traders
apprehensive...........said Mike Daily



MY COUNTS FOR 11/ 30....DEC GOLD

RESISTANCE # 2.................$1380.00(MCX Rs 20492)
RESISTANCE # 1.................$1371.00(MCX Rs 20430)
PIVOT...................................$1364.00(MCX Rs 20343)
SUPPORT # 1.......................$1356.50(MCX Rs 20281)
SUPPORT # 2.......................$1350.00(MCX Rs 20194)

MY COUNTS 11/30 ...DEC SILVER

RESISTANCE # 2................$27.91(MCX Rs 42376)
RESISTANCE # 1................$27.50(MCX Rs 42013)
PIVOT .................................$26.90(MCX Rs 41376)
SUPPORT # 1......................$26.45(MCX Rs 41013)
SUPPORT # 2......................$25.82(MCX Rs 40380)


RAHUL KUMAR
GOLD Analysist

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