Tuesday, 27 March 2012

Gold has support around USD 1617: Indian Stock Market

Gold is trading at 1664.147 levels, rising higher in trade. Gold traded higher as the dollar took a breather and was trading weaker amongst major currencies. Lesser liquidity injections into the system by various sovereign authorities will see limited trading action and also possible downward bias in the commodity space. Support is seen at 1617.240 (55days EMA in Weekly chart) and the resistance comes near 1680.344 (21 days daily EMA). Overall bearish target 1600 dollars. More information about indian stock market please visit the site stock-market-expert-tips.blogspot.com

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

No comments:

Post a Comment