Asad Rizvi
GMT 5:44 - GOLD @ $ 1296.50 = We are somewhere near top. Sell around $ 1297-00, as break of $ 1306-8 level is required for more gains, which is not a favoured move. Fall below $ 1288-90 will see a push towards $ 1280-82 zones Or else $ 1312.
DISCLAMER : The commentary/information presented is not intended for trading purpose. The idea is to exchange views with the members/readers. Therefore, I accept no responsibility or liability for any losses incurred due to position taking.
Dear all,
I will be taking off for 2-days (Thursday & Friday)
I wish you all a "Very Happy Eid".
However, If I get time I will try to Update the page.
Regards & best wishes
GMT 5:53 - EURO @ 1.3346 = At current levels keep a close watch as break of 1.3355 will see a move towards 1.3370-90 zones and the rally should exhaust or else will see a final push towards 1.3415-20 zones. Suspect beyond that Euro has enough legs. On the down side break of 1.3310 will encourage for 1test of 1.3270-80 zones.
GMT 6:04 - GBP @ 1.5504 = The corrective rally in Cable could extend and still looks a buy around 1.5470-90 levels. Support is around 1.5430-40. Break of 1.5525-30 levels will encourage for a test of 1.5560-70 zones
GMT 6:17 - JPY @ 96.38 = Choppy trading is possible, but Japanese currency could make some more gains and hold around 96.70-80 levels for a dip and test of 96.10 levels, break will encourage for 95.80. Move beyond 98.30-40 zones could mean more losses for JPY.
GMT 6:21 - AUD @ 0.9077 = Saw a perfect up move, now 0.91 is the resistance levels, if breaks 0.9120-40 will be tough to crack, as fall below 0.9010 would mean ,ore losses for Aussie or else 0.9180
DISCLAMER : The commentary/information presented is not intended for trading purpose. The idea is to exchange views with the members/readers. Therefore, I accept no responsibility or liability for any losses incurred due to position taking.
Dear all,
ReplyDeleteI will be taking off for 2-days (Thursday & Friday)
I wish you all a "Very Happy Eid".
However, If I get time I will try to Update the page.
Regards & best wishes
Asad Rizvi
ReplyDeleteGOLD @ $ 1296.50 = We are somewhere near top. Sell around $ 1297-00, as break of $ 1306-8 level is required for more gains, which is not a favoured move. Fall below $ 1288-90 will see a push towards $ 1280-82 zones Or else $ 1312.
EURO @ 1.3346 = At current levels keep a close watch as break of 1.3355 will see a move towards 1.3370-90 zones and the rally should exhaust or else will see a final push towards 1.3415-20 zones. Suspect beyond that Euro has enough legs. On the down side break of 1.3310 will encourage for 1test of 1.3270-80 zones.
ReplyDelete
ReplyDeleteGBP @ 1.5504 = The corrective rally in Cable could extend and still looks a buy around 1.5470-90 levels. Support is around 1.5430-40. Break of 1.5525-30 levels will encourage for a test of 1.5560-70 zones
JPY @ 96.38 = Choppy trading is possible, but Japanese currency could make some more gains and hold around 96.70-80 levels for a dip and test of 96.10 levels, break will encourage for 95.80. Move beyond 98.30-40 zones could mean more losses for JPY.
ReplyDeleteAUD @ 0.9077 = Saw a perfect up move, now 0.91 is the resistance levels, if breaks 0.9120-40 will be tough to crack, as fall below 0.9010 would mean ,ore losses for Aussie or else 0.9180
ReplyDeleteUSD to gain Gold to fall.........
ReplyDeleteGold = morning view on gold is good...................
ReplyDeleteGBP @ 1.5503 = Suspect faliure to break 1.5525-30 see risk for a drop to 1.5450-70 zones.........
ReplyDeleteEuro @ 1.3260 = Failure to move beyond 1.3370-80 could see test of 1.3320-30 leveols........
ReplyDeleteDo apply Stops........Cheers until tomorrow........