Volatile Gold Session For Trade

December, 8, 2011 ( 01:30 pm) :-  Gold & Silver good support by the investors who are keep maintaining their buy position in MCX & Comex.
But spot traders has sold 1000 kg Silver on Wednesday. Apart from this Silver maintaining their support above $ 32 & but also facing some resistance at $ 33.20.
If today $ 33.20, Silver able to trade above that level than we can fore see their prices up to $ 34 - 35 in short term but if all problems are sowed after the today meet.
Gold trend today totally bullish, If they trade above $ 1740 & Rs 29250 in MCX, We can for see Gold prices up to $ 1760 - $ 1780 in Comex & Rs 29500 - Rs 29700 in MCX.

USA GDP Data Outlook

Very Important data release tonight USA Gross Domestic Product looking stands at 2.50% as a expectation. Data is looking totally positive side for bullions.
Silver have strong selling pressure from last few days due to the continuously correction in the global demand out look.
Stock market correction was also pressure the Silver in MCX & Comex.
Big investors sold around 1,00,000 Kg approx. Silver as a profit booking & hold his cash as a safe side.
We also seen at all base metals breaks our resistance level hold continuous rally in MCX due to the dollar upside momentum.
Over all market is very good for trading due to the higher volality in the settlement periods next week.

What's Next For EURO/USD ?

We Saw Sharp Recovery in EURO/USD From 1.1916 To 1.2150 After ECB Meeting. Before Making this Recovery Euro/Usd hits 1.1876.But the Problem not Ends here Gold Funds Physical Gold Holdings Continuing Rises Days By Day. Investors & Traders Hedged Their Position In Gold Against Euro/Usd for Safeguarding Their Money.  The Latest Support Comes From The ECB President Jean- Claude Trichet, Who Said on Thursday That The Central Bank Would Maintain Its Monetary Policy. That Includes Continuing to Offering 3 Months Emergency Loans to Bank Until September.
We Fore See EURO/USD  If it Maintains Their Support of 1.1980 Then We Expects Again Sharp Recovery From Upton 1.2280-1.2400 In Next Week.

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Buyy Dlf Target Rs 650 till ( 1year)

Dlf Charts Showing Strong Support at Rs 350 - 380 range . Anyone Can buy Dlf with a One Year of Rs 615

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