Apr 30, 2012, 02.06 PM | Source: Moneycontrol.com
India Forex has come out with its technical outlook on Gold and Crude.
Gold is trading stable at 1663 levels. The gold is trading on a flat to positive note on the back of disappointing U.S. growth and European debt jitters which are boosting the investment demand for gold. Gold is currently looked upon as a safe heaven. Support is at 1622 level, whereas strong resistance can be seen near 1674 (100 day EMA) level. Overall look at a range of 1-3 months at 1550-1630 levels. Overall Target 1550 levels. Gold in INR is rising to all time highs due to weakening rupee.
WTI Crude is trading at USD 104.73 levels. Strong near term support is at 103.67 (55 day EMA) and resistance at 105.52. Overall range of 100-105 with bearish bias.
Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Experts discuss the need for 'Make in India' campaign
A panel of experts discuss the need for "Make in I
'Ecosystem of telecom manufacturing strengthening in India'
Oil India's Dec qtr profit drops 17% to Rs 411 cr
Net profit in October-December of the previous fis
'Internet to influence USD35bn of FMCG sales in India by 2020'
Oh Gold! Bullion inches closer to Rs 30,000-mark
Traders said apart from a firming global trend, st
Shirpur Gold Refinery: Outcome of board meeting
Shirpur Gold Refinery Ltd has informed BSE that th