Last Friday Gold went as high as $1362 then coming back to $1341. But then again it closes up $1353. As I wrote that the key figure is $1350 if it holds on Friday then we see another break towards the new record. So today Asian market is opened on a very high note @$1362. Today’s key support is $1347 and the resistance is @$1365. For day trading you can risk buying @ $1357 and sell @$1364. Market is showing upward trend for this week.
Crude oil is following US$ more than anything else. we saw another price below $81 @ $80.63. Today the buying price is @$80.75 and the selling price is $83 beyond this resistance we see another price breakout @$84 for today.
syed arif
