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11.06.2019 : 11.35 AM

GOLD REPORT FOR THE DAY

COMMOTRENDZ GOLD VIEW 4 THE DAY ::: GOLD TRADING SIDEWAYS NOT GIVING CLARITY. HAVING RES NOW @ 1336 ZONE. NEED FIRM 1 HR CLS ABV SAID LVL TO SHOW SLIGHT RECOVERY IN THE COUNTER UP TO 1344=1352 ZONE STRONG RES AREA. DOWN SIDE DAILY SUP STANDS IN AREA OF 1318-1320 GOOD LONG AREA. ANY CLS BLW 1318 WILL SEE WEAKNESS IN THE COUNTER UP TO 1300-1296 ZONE. HENCE WILL WAIT N SEE TO ENTER THE TRADE ON 2 ZONES FOR NOW. ELSE OTHERWISE WE NEED MARKET TO SUSTAIN ON CURRENT LVL OF 1333=1334 ZONE AND HOLD ON 4 HR CLS BASIS ABV 1336 TO SHOW RECOVERY. MCX SUP 32500-32480 ZONE. WILL SEE IF ABLE TO HOLD SAID LVL ENTER LONGS ELSE WAITING GAME 4 NOW. TILL CONFIRMATION DONE IN THE COUNTER. RUPEE SIDEWAYS BUT WEAK 4 NOW. SLIGHTLY POS 4 GOLD MCX. WE ARE IN 4TH WAY HENCE WILL SEE WILD SWINGS BEFORE EMBARKING ON STRONG UPSIDE UP TO 1372-1404 IN COMING DAYS.

COMEX RANGE 1318 - 1336
MCX RANGE 32277 - 32788
LBMA FIXES 1328.60 DN 12.05
SPDR HOLDINGS @ 756.42 DN 1.17 MT
RUPEE SPOT RANGE 6900 - 6980 EITHER SIDE HOURLY CLS FRESH DIRECTION.

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