GOLD COMEX SETTLE $ 10.30 LOWER $ 1594.20
The first time since Dec 2011 gold settleed below $ 1600 yesterday night. Gold prices dropped as low as $1679.50 per ounce today as early reports and rumors concerning the bailout and the future status of Greece’s role as a member of the European Union chased investors into the U.S Dollar and U.S Treasuries as the EURO currency remained under siege.
FOMC Chairman Ben Bernanke will address the 48th annual conference on Bank structure and competition at 7.00 PM that is sponsored by the Chicago FED. Trader also keep an eye on today US Ecomonic Data release at 6.00PM.
TODAY NUMBERS FOR COMEX
RESISTANCE # 2………………$1622.00
RESISTANCE # 1………………$1607.00
PIVOT #...........................$1593.00
SUPPORT # 1…………………..$1579.00
SUPPORT # 2…………………..$1564.00
FOR MCX
RESISTANCE # 2………………INR 28890
RESISTANCE # 1………………INR 28777
PIVOT #...........................INR 28615
SUPPORT # 1…………………..INR 28502
SUPPORT # 2…………………..INR 28340
RECOMMENDATION : ADDING SELL POSITION ON HIGHER SIDE
Happy Trading
Rahul Kumar
Gold Analysist
Call me for trade set-up : 969-0022-884
Write me : bestech30@gmail.com
The first time since Dec 2011 gold settleed below $ 1600 yesterday night. Gold prices dropped as low as $1679.50 per ounce today as early reports and rumors concerning the bailout and the future status of Greece’s role as a member of the European Union chased investors into the U.S Dollar and U.S Treasuries as the EURO currency remained under siege.
FOMC Chairman Ben Bernanke will address the 48th annual conference on Bank structure and competition at 7.00 PM that is sponsored by the Chicago FED. Trader also keep an eye on today US Ecomonic Data release at 6.00PM.
TODAY NUMBERS FOR COMEX
RESISTANCE # 2………………$1622.00
RESISTANCE # 1………………$1607.00
PIVOT #...........................$1593.00
SUPPORT # 1…………………..$1579.00
SUPPORT # 2…………………..$1564.00
FOR MCX
RESISTANCE # 2………………INR 28890
RESISTANCE # 1………………INR 28777
PIVOT #...........................INR 28615
SUPPORT # 1…………………..INR 28502
SUPPORT # 2…………………..INR 28340
RECOMMENDATION : ADDING SELL POSITION ON HIGHER SIDE
Happy Trading
Rahul Kumar
Gold Analysist
Call me for trade set-up : 969-0022-884
Write me : bestech30@gmail.com
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