GOLD TREND FOR THE WEEK START 30 AUG 2021

GOLD COMEX SETTLED $ 1816.60 LAST FRIDAY

The Friday close is the very first daily close above a 3-month resistance!

So gold looks like now a higher high mode till $ 1872 the "Yearly" resistance on the monthly chart, has been re-visited in coming weeks. Even the for weeks compared to gold underperforming, Silver managed to closed above its currently most important resistance $ 23.80-$ 24.  

Therefore we should now trust in gold and should long its until $ 1872 is in striking distance.  Also we should be aware that gold was slowed down into week close by the well-known and the for years ruling $ 1822 Main resistance.

By identifying this we have a big big bull signal and trade any daily closing above $  1822 within the days coming, would be strong BULL SIGNAL.  So one should add gold longs for the main target $ 1872 if it is able to close above $ 1823 to $ 1825 or so within days.

For the now $ 1822 is again nearest strong resistance, we don't now when the exactly $ 1822 overcome a daily closing  basis. In such a pull back case gold easily should re-test the somehow important......

Stay tuned......

for intraday level COMEX/MCX 

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Rahul Kumar

Bullion Expert (HSBC)

 

GOLD TREND FOR 19 JULY TO 31 JULY 2021

 DATED 19 JULY 2021

GOLDEN OPPORTUNITY TO INVEST IN GOLD FOR NEXT 10 DAYS

GOLD AUGUST 21 FUTURE CURRENTLY TRADING @ 1802 

ACCORDING TO MY ANALYSIS GOLD CAN BUY HERE WITH A STOP LOSS 1787 FOR A TRAGET OF 1822-1844-1890 TILL THE END OF CONTRACT. 

SILVER TRADING AT @25.32 WHICH I EXPECT $ 27++ WITH A STOP LOSS 24.69 

NOTE : My all stop loss is base on closing price and never ever taking risk of 4% of total fund and nor to advice.

regards

Rahul Kumar

Bullion Expert

Mail : bestech30@gmail.com

BULLION PREDICATION FOR THE REST OF 2018 ND EARLY 2019 : HFBC

GOLD (GCG19) SETTLED $ 1241.40

I believe that Gold reached at the level where price ($1254/56) will pause and retrace a bit before the next big leg higher begins.

THE recent downward pricing pressure in the U S and global stock markets have prompted GOLD to move recent HIGH.  I still believe GOLD setup for a bigger move higher.  I expect RESISTENCE level $ 1254/56 HOLD as price retrace back BELOW $ 1230.  At that point BOTTAM will likely be a VERY QUICK, V type bottam, and price will likely begin to rocket higher into the end of 2018 and through the early part of 2019.

SILVER (SIG19) SETTLED $ 14.64

SILVER, the other shiny metal, is showing how recent HIGH $14.80/85 is continuing to resist the uptrend.  This RESISTENCE is similar to what seen in GOLD and I expect a minor down side price rotation in silver to play out before a MUCH BIGGER MOVE EXPLODES HIGHER.  Our system is suggesting price are capable of rocketing towards $16 with a strong price BREAKOUT action and I also believe SOME LEVEL OF FEAR WILL ENTER THE GLOBAL EQUITY MARKET throughout the end of 2018 and into early 2019.  This fear should push metal prices higher till the end of January 2019.

Our system are showing us that this initial upswing in BULLION will most likely stall between February & March 2019 before starting a much higher bigger and more explosive move in April-May 2019.

NOTE : I believe BULLION price $ 1322/73 early 2019 and much higher in SILVER TOO.

TECHNICALS LEVELS FOR WEEK START 18 DEC 2019

GOLD (GCG19) $ 1241.40

GOLD holding a minor support $ 1236 is positive for BULL trend, targeting $ 1249/50 and $ 1254/56 strong RESISTENCE.  Failure to hold $ 1236 risk a slide upto $ 1230/24.

SILVER (SIG19) $ 14.64

SILVER holding RESISTENCE $ 14.85 yet again but ABOVE $ 14.90 targeting $ 15.30.  Good support at $ 14.30/35 but BELOW targeting $ 14.05 before a retest of SEP/OCT LOW at $ 13.85.

WTI CRUDE  (CLF19) SETTLED $ 51.20

CRUDE is a sideways TREND.  I still see no buy signal.

SELL SIDE

CRUDE has short term TREND line support at $ 51/50.90 BELOW targeting $ 50.20 further losses look for $ 49.50.  A break lower target $ 48.50/48.30.

BUY SIDE

HOLDING support $ 51/50.90 allow a recovery to $ 51.80/90 than strong RESISTENCE $ 52.40/70.  A break higher targeting $ 53.40/53.60.  ABOVE THIS RESISTENCE another target $ 55.25 and than a selling opportunity with STOP ORDER ABOVE @ $ 56.50.

I WILL CONTINUE ALERT FOR NEW ANALYSIS WHEN OUR SYSTEM PREDICT FUTURE PRICE CHANGES AND THIS MEANS COULD CONTINUE TO SEE INCREASED VOLATILITY IN THE GLOBAL EQUITY MARKETS FOR QUITE SOME TIME.

" Want to know how you can PROFIT from these moves in the markets, how I keep my SUBSCRIBER informed of future markets moves using my price modeling system : THEN JOIN "HFBC" CONFIDENTLY AND ENJOY YOURS TRADING BUSINESS BY EARNING DAILY BASIS.

I have dedicated many years and thousand of hours to understand market move but YOU NEED NOT >>> BE BENIFITED WITH OUR EXPERIENCE ...

HAPPY TRADING

REGRADS

RAHUL KUMAR
HFBC
+91 8193003476
write me : bestech30@gmail.com 

HFBC : GOLD (GCG19) SILVER (SIH19) TREND

HFBC : CRUDE OIL CLZ18 : NEW OPPORTUNITY @ $ 69.70

CRUDE OIL NYMEX SETTLED ON WEDNESDAY AFTER INVENTORY @ $ 69.70

If u have follow my previous blog you understand that I am a trend trader however once in a while I prefer counter trade also which is seen in CRUDE oil pattern. I think this is a perfect structure after OIL drop down 3rd Oct HIGH $ 76.72.

This is the perfect BULLISH position entry with STOP loss $ 67.50 and RISK reward also favourable now.   Problem with Saudi Arbia will also support the price here is short term.

for a daily INTRADAY trade write me bestech30@gmail.com

regards

Rahul Kumar
HFBC
+91 8193003476

HFBC : COPPER (HG) TREND FOR THE WEEK 10 OCT 2018

COPPER FUTURE (HGZ18) : SETTLED 2.8065
COPPER future in the December contract SETTLED yesterday trading @ 2.80 ABOVE per pound, as I recommending a BULLISH position @ 2.77 level.  COPPER price have been moving sideways over the last couple of days. However for BULLISH momentum to continue have to break and stay above 2.87 per pound.

     I am still remain BULLISH as I also recommend BULLISH position in GOLD and silver too.

COPPER price were trading 3.34 in early June so there is room to run UPSIDE as demand is starting back.

RECOMMENDTION : BUYING WITH CLOSING BASE STOP ORDER 2.75


for intraday trading CONTACT bestech30@gmail.com


regards

Rahul Kumar
HFBC
+91 8193003476

HFBC : BULLION TREND FOR WEEK STARTING 08 OCT 2018

NFP : Nonform payroll on Friday was supposed to give clarity but brought very little.  August job growth saw a massive revision from 201k to 270k.  September job growth revised the mark, coming it at 134k versus 184k, but that was expected due to Hurricane Florence.

BULLION : BULLION will began a new UPSIDE rally very quickly.  I wrote in my last post that GOLD n SILVER creating very strong floor at BOTTAM line $1180 to $1190 and $13.96 to $ 14.09 respectively.  My initial target for gold $ 1245 ND 1272.

     Recent LOW help to confirm UPSIDE projection as the most resent LOW price created a price rotation that further UPSIDE indication.

     What is needed right now, a push ABOVE $ 1218/1220.  I personally believe this BOTTAM setting up in GOLD ND SILVER may be the last time you see  $1190/1200 price for a while.

RECOMMENDATION : BE A AGGRESSIVE BUYER ON DIP AND $ 1170 CLOSING BASE STOP ORDER .

for more details nd INTRADAY volatility  write me bestech30@gmail.com

regards

Rahul Kumar
HFBC
+91 8193003476