1.
Commodity tip for Gold suggests that gold is showing an uptrend as commodity is showing higher highs and higher lows as studied on the charts and same is also conffirmed by Elliot wave analysis. It is very likely that gold can touch the levels of $975 per ounce which will act as a resistance for the commodity and if this level is broken than one can see $ 1000 per ounce. However keep an eye on $900 level which is a support for gold and if this level is broken on the lower side than gold can fall to the level of $850 level which is another support being 200 day SMA. Thus as a conclusion one can go long in Gold and can also satisfy his wife by stating that one is holding the gold in electronic form.
2. Somebody might ask that why gold is not appreciating in Indian rupee terms than the answer is simple that Rupee is strengthening against the dollar and as a net effect despite rise of gold in dollar terms one is not seeing any considerable rise in Indian rupee as dollar equivalence in Indian Rupee is reducing.
3.
Forex market tip for Euro suggests that the currency is in uptrend as compard to dollar and one may see further depreciation in dollar as China has alsostated that dollar may lose its dominant position.
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