sumeethshankar

sumeethshankar

We had a strong bullish move on the gold to the upside on fomc day which was not sustained in the north for long and withing 24 hours gold moved massively towards south pole and collected the much anticipated liquidity left at $1911/13. Currently market is below $1920 and is waiting for the release of the employment data. Bulls will be targeting $1970 and bears...

sumeethshankar

Bearish below 1835. Strong resistance area 1829.8/1833 above that bull will take control and we can expect 1838 zone. Gold has been bullish since last week and currently hovering at 1827. A break below 1818, which is a strong support zone will make a visit towards 1811/12 and below that bears with snatch the controls from Bulls and likely targets would be...

sumeethshankar

All eyes on todays USD news. Xauusd has gained strength since last week and has been on a bullish path and current at 1827 region. 1829/32 will stand as a strong resistance and above that we can see bull will roll the dice to 1838 zone On the contrary, 1818 is acting as a strong support zone and below that we can expect the bears to take the game towards 1812,...

sumeethshankar

Yellow metal couldn't barge the resistance at 1813 and fell to the support @ 1782. In this we may see a possible push towards $183O, which has been a strong resistance in the recent history of this precious metal. 222 Above this resistance will open doors for 185O and 19OO's. Below this resistance will welcome 175O ,172O and 168O's once again.