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Yesterday all clients sold at 33250 and booked at 33000 in intraday. Now for today again on higher side 33100-33150 area will provide supply. On downside 32900-32800 area is support for short term. Gold can trade in a range ahead of FOMC meeting. Any unexpected rate cut can bring a temporary spike in rates but there after a sharp profit booking can be seen in coming sessions.Click here to see Gold Commodities India's all calls.
All clients were recommended yesterday morning not to remain short. Now for today on downside support area at 206-206.50 from where again some buying support can be seen. On higher side 209-210 area is short term supply zone. New upside only if manage to close above 210.Click here to see Gold Commodities India's all calls.
On Friday, profit booking from higher levels was seen. Now for today on higher side 33100-33150 is strong resistance zone from where again some supply can be seen. On downside next support area is at 32900-32950 area. All eyes on FOMC meeting to be held this Wednesday. SO trading in a range can be seen for next two days.Click here to see Gold Commodities India's all calls.
Now Zinc getting supply from higher levels around 207-208. So rallies can be sold. On downside 204-203 area is next support area for today. If sustain below 204 then more downside can be seen today.Click here to see Gold Commodities India's all calls.
Sell off was seen yesterday once it broke 3650. Now next support area for today is at 3570. If manage to close below this then more downside will be seen in coming sessions. On higher side today resistance area at 3625-3650 area. Overall remains weak below 3650.Click here to see Gold Commodities India's all calls.
No clarity on trade war situation. So range bound trading seen from last few sessions. On higher side 410-412 is resistance area for today. On downside support at 402-404 area. So trading in this zone can be seen.Click here to see Gold Commodities India's all calls.