GOLD OUTLOOK FOR NEXT WEEK (23-SEPT-2013)
GOLD COMEX:
Immediate Resistance @1347-1350$
Immediate Support @1300$
For the next Week (23-Sept-2013) Trading Strategy Would be to Sell on rise around 1347$ and also Below 1295$. Trend is in favour of bears. alternatively if sustains above 1350$ we may see Gold heading towards 1410$.
GOLD MCX:
Immediate Resistance @30400$
Immediate Support @29800$
For the next Week (23-Sept-2013) Trading Strategy Would be to Sell Below 29800 with SL 30400 TARGETS 29200. Trend is in favour of bears. Alternatively if sustains above 30500 we may see up trend resuming.
USDINR looks weak on fundamental reasons and RBI policy impact can bee seen this week. Market may trade too volatile and hence do not trade without stoploss
