As predicted as the NY Gold Market opens with $1361 and then just before the FED statement the market went down. As I told every one to sit back and relax as market can show move upto $30 thats what exactly happens. As soon as market broke $1348 the level I told the market was went down as free fall till $1326. The selling price I set was $1363 so it was $1365. Market recover and ended @ $1348. Now Asian market is @$1355 and today’s buying level already passed out @$1340. The selling price would be $1367 which was last week’s high. Market passing $1370 today or tomorrow can now be consider one positive signal to break another all time high of $1387 on Friday late or Monday morning.
Crude oil behaves same as Gold and another currencies. Yesterday my buying level was $83.63 against low of $83.70 and high was $85.27 against my selling price of $85.29 which was quite accurate. Today market is already up against the closing price of $ 85.09 and is trading @ $85.31. All the buying levels were in $84 range which was passed out. the least was $84.23 which was Tuesday’s opening. The selling level is $86 beyond this market is going towards $87 for the weekend.
Syed Arif
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