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Gold Daily Aug 20 2012
Gold Daily Aug 20 2012
12 HIGH 1623.00 28.29 LOW 1613.30 27.96 CLOSE 1619.40 28.00 PCT CHANGE 0.17% -0.42% VOLUME 76964.00 24047.00 OI 386408.00 126889.00 Market Commentary Themes for the Week US Durable Goods Orders US Existing and New Home Sales Euro Zone Manufacturing and Services PMI German GDP HSBC Flash Manufacturing PMI Key Events Today Chicago Fed National Activity Index
Camarilla Levels GCZ2 SIU2 28.18 28.09 27.91 27.82 ETF Changes Gold SPDR Silver Ishares
H4 H3 L3 L4
20/08/2012 Levels Gold Dec`12 Support Resistance ***1619.2*** *1621.4* *1615.6* **1626.8** **1610.8** ***1627.5*** ***1601.4*** *1629.7* *1598.9* **1633.6** **1594.5** ***1638.6*** ***1592.1*** *1646.4* Chart: COMEX Gold Daily
Analyst Opinion
View: Bullish to Sideways Market is showing resilience at higher levels which induces a slight bullish bias into the markets. However, the area between 1626.8 and 1629.7 is a strong supply zone. On a move downside, Markets are expected to find initial support near the previous closing at 1619.2 levels. Close below that is expected to give a bearish bias to the market. In Summary, Markets are expected to stay Bullish to Sideways. Expect a test of 1627.5.
Author: sumanth.kumar@futuresfirst.in
Author: sumanth.kumar@futuresfirst.in