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Yesterday all clients were recommended to buy at 46100 and booked intra-day at 46650. Now for today on higher side 47100-47200 is resistance area and 46500 is support. If today manage to sustain and close below 46400 then again downside can be seen. So keep eye on this level.Click here to see Gold Commodities India's all calls.
Now on downside 4100 area is support area. On higher side 4250 is resistance zone. trading in this range can be seen for couple of sessions. On higher side rallies towards 4250-4300 area can be sold. On downside buying zone is at 4050-4100.Click here to see Gold Commodities India's all calls.
FOMC meeting tonight. So till evening range bound trading can be seen. For medium term keep eye on $1488 Spot. If manage to close below this level then more downside and bigger correction will be seen. On higher side $1515 to $1525 is crucial resistance area for medium term. Overall will face selling from higher levels. So sell on rallies is still the strategy.Click here to see Gold Commodities India's all calls.
On downside 4100-4150 is support area. On higher side it will again face supply at 4300-4350 range. So on higher side it will face supply. If manage to close below 4200 then more downside will be seen. But overall in any major panic try to accumulate.Click here to see Gold Commodities India's all calls.