MCX:
GOLD IS TRADING @ 27,915,
TECHNICALLY GOLD HAS BREACHED ITS STRONG RESISTANCE OF 27,750 & ABOVE 28,000 MARK, IT HAS TO BE ON ITS WAY TO 28,300 - 28650.
BUT........... DUE TO GREECE CRISIS & UNCLEARANCE MANNER, IT IS TRADING IN MID RANGE, SO THE IMPORTANT LEVEL TO NOTICE IS 27,750.
AS PER DAY TRADE GOLD IT IS FAR BEYOND OF ITS RESISTANCE LEVEL, SO THIS IS WHERE "TECHNICAL" WORD ARISES................
BUT NONE OF THE MARKET ONLY RUNS ON "TECHNICAL LEVELS"
IT IMPLIED LOT MORE THEN NORMAL TRADERS FEELS,
WE EXPECT IF ANY INDICATION APPEARS ON POSITIVE SIDE FOR GREECE,
GOLD & SILVER MAY SHOW CORRECTION IN SHARP MANNER.
IMPORTANT: IF THE CRISIS CONTINUE WITH NO SIGN OF SOLUTION,
THEN THINGS WILL TURN OPPOSITE…… GOLD & SILVER WILL ZOOM UP SHARPLY………….
REGARDS,
