US DOLLAR INDEX UPDATE : 23 NOV 2012
DOLLAR INDEX MADE A LOW OF 80.16...JUST NEAR THE FINAL SUPPORT BEST BUY LEVEL 80.0 & NOW TRADING @ 80.22 , THE LAST HOPE FOR BULLS WILL BE THE KEY SUPPORT 80.0 - 79.80 & VIOLATION OF SUPPORT 79.80 WOULD ONCE AGAIN SIGNAL A NEW BEARISH PATTERN TOWARDS 75.78/74.34 ; HOWEVER IF FINDS SUPPORT & MANAGES TO CLEAR THE RESISTANCE 81.90 THEN THAT WOULD GIVE A UPPER HAND FOR THE BULLS JOURNEY TOWARDS THE UPSIDE TGT 86.58/88.02
LTP - 80.22
**A VIOLATION OF SUPPORT 79.80 CAN ALSO BE A INVERSE SIGNAL FOR A NEW BULLISH MOVEMENT IN GOLD & SILVER ...HOWEVER EVEN THOUGH GOLD & SILVER HAS CLEARED ITS TECHNICAL RESISTANCE ; TAKING INTO CONSIDERATION THE FALSE PATTERN & ITS GAP WE STILL REMAIN FIRM BEARISH IN GOLD & SILVER**
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