Still Gold is holding its ground and there is no direction where to go. As it is stuck between $1350 and $1375. Yesterday we hit another bulls eye as our buying was secured @$1357 and selling @$1369. Still market is waiting for clue especially economic numbers are expected on Thursday and Friday. Today our buying is @$1363 with stop loss @$1358. Below $1350 we will have another u turn towards $1330. Selling price for day trading is @$1371 and beyond $1376 we need to buy more to sell it @$1400.
Dollar is getting stronger but as I told you yesterday regarding winter and weather watch so yesterday the oil jump as I forecast to breach $85 level. Yesterday our buying price was $83.21 and it went up from $83.57. and went as high as $85.90. Today our buying price is $83.63. and we need to get support @$83. Our selling price is $87 for today. We hope to get oil @$90 soon.
Syed Arif
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