The thing is everyone is calling for a higher rupee .It could happen.The dxy has not gone up above 80.THe euro is strengthening against USD.Probably if it breaks 79 mark may be 75 or a waterfall decline possible...
the Current situation is that USD is not falling...
Case 1 : USd dollor tanks GOLD rallies.
Case 2 : USD DOLLOR rally starts now(sell in may)
LETS see what this MAY BRINGS in...SENTIMENT Is not at all negative and every manager i know is supper bullish...WE ARE IN FOR A TURN
