GOLD:
Dollar Index relocated due to Euro zone worries and ended a 52-week high of 81.60. The Dollar Strength and fresh up side break out turned out to be a bad news of Commodity market and fright on selling cannot be ruled out.Few volatility was seen during last week, which results in it making a low of 27272 and high of 27945.54, and finally closed at 27765.25. The whole short-term trend is positive and decline to buy side as long as holds 27501-27201, higher-level stiff resistance at 28250-28300 and fresh buying only above that level. Reversal to sell side.
Dollar Index relocated due to Euro zone worries and ended a 52-week high of 81.60. The Dollar Strength and fresh up side break out turned out to be a bad news of Commodity market and fright on selling cannot be ruled out.Few volatility was seen during last week, which results in it making a low of 27272 and high of 27945.54, and finally closed at 27765.25. The whole short-term trend is positive and decline to buy side as long as holds 27501-27201, higher-level stiff resistance at 28250-28300 and fresh buying only above that level. Reversal to sell side.
