GOLD SETTLE $ 1575.70 LOWER $ 5.50
August gold futures prices closed nearer the session low again Wednesday. The gold market bulls are fading and need to show fresh power soon to avoid fresh chart damage being inflicted
Wednesday FOMC minutes provided little fresh information for traders and investors, and no fresh clues on U.S. monetary policy actions upcoming. Most market bulls want the Fed to embark on another round of quantitative easing of monetary policy (QE3) and were hoping in the FOMC minutes to find fresh hints from the Fed that such is coming soon.
WATCH CLOSELY TODAY JOBLESS CALIM TO MAKE FURTHER STERTEGY
MARKET BIAS : NATURAL
TODAY LEVEL
RESISTENCE # 2....................... $ 1592
RESISTENCE # 1........................$ 1584
PIVOT ........................................$ 1574
SUPPORT #1..............................$ 1566
SUPPORT #2..............................$ 1557
MCX LEVEL
RESISTENCE # 2....................... INR 29480
RESISTENCE # 1........................INR 29380
PIVOT ........................................INR 29300
SUPPORT #1..............................INR 29190
SUPPORT #2..............................INR 29120
Happy Trading
Rahul Kumar
Gold Specialist (Spot & Future)
Call me for trade set-up : 969-0022-884
http://www.hansrajconsualtant.tk/
August gold futures prices closed nearer the session low again Wednesday. The gold market bulls are fading and need to show fresh power soon to avoid fresh chart damage being inflicted
Wednesday FOMC minutes provided little fresh information for traders and investors, and no fresh clues on U.S. monetary policy actions upcoming. Most market bulls want the Fed to embark on another round of quantitative easing of monetary policy (QE3) and were hoping in the FOMC minutes to find fresh hints from the Fed that such is coming soon.
WATCH CLOSELY TODAY JOBLESS CALIM TO MAKE FURTHER STERTEGY
MARKET BIAS : NATURAL
TODAY LEVEL
RESISTENCE # 2....................... $ 1592
RESISTENCE # 1........................$ 1584
PIVOT ........................................$ 1574
SUPPORT #1..............................$ 1566
SUPPORT #2..............................$ 1557
MCX LEVEL
RESISTENCE # 2....................... INR 29480
RESISTENCE # 1........................INR 29380
PIVOT ........................................INR 29300
SUPPORT #1..............................INR 29190
SUPPORT #2..............................INR 29120
Happy Trading
Rahul Kumar
Gold Specialist (Spot & Future)
Call me for trade set-up : 969-0022-884
http://www.hansrajconsualtant.tk/
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