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Buy the Dip: Gold Holds Strong at $3980, Targets $4150 
After last night's gain in US markets, Asian markets cheered the move with indices across geography trading in green.
- Australian benchmark index future, ASX200 is up 1.3%.
- China's benchmark stock index, Shanghai Composite is up 5.34%.
- Japan's Nikkei is up 0.6%.
- Indian Nifty 50 is up more than 2%.
The upbeat mode across Asia has spilled over to Europe too.
- FTSE100 is up 2.3%, German DAX is up more than 3% and European blue chip index EuroStxx50 is up 1.1%.
S&P 500 future is pointing at positive open in New York again today and further rise seems very much likely given the change in market mood as well as break of key level. S&P 500 is on its way to clear the resistance around 1950-1965 area.
With improvement in sentiment, volatility is subsiding steadily. The chart shows 10 period average of realized volatility in S&P500's 4 hourly chart, which reached as high as 50 points or around 2.5%. As of now it has dropped sharply to just about 28 points.
Nevertheless, there could be interim volatility spike, even while it is going down broadly. S&P500 future is currently trading at 2062, up 1.2% for the day so far.
