TURNINGPOINT (TREND CHANGE) FOR THE DAY DEC 21, 2012

SILVER COMEX FUTURE (MAR) SIH13 SETTLE $ 29.67 

The March Silver contract has fired 90-10 Low Continuation and Momentum Pinball Buy signals for today's trading. The 90-10 Low Continuation signal is fired when the day's trading closes within the bottom 10% of the day's range. It tells us that yesterday's late day move lower is likely to continue on into today.

The Momentum Pinball Buy signal suggests that IF the first hour's high happens to be broken, the market is telling us something completely different than originally assessed, and we'd want to consider a long position.

Cycle Indicators   have moved into a region where short term cyclical lows often form, but both the larger and more immediate trends are to lower prices. Odds favor further downside in early morning trade.

Also Look for an opportunity to sell the break of yesterday's 29.635 low with a stop just above the 30.195 level of the Daily Pivot. Price weakness below the DP may provide clues for earlier entry.

The Momentum Pinball Buy signal, however, tells us to change our bias to the upside if the day's first hour high happens to be taken out


Happy trading

Rahul Kumar
Gold Specialist

Contact : +91 895-8173-410

GOLD TREND FOR THE WEEK STARTING NOVEMBER 5TH

GOLD COMEX SETTLE ON FRIDAY $ 1675.20 DOWN $ 42

It’s a total sell-off in the precious metals and mines under high volume. Intraday some important monthly and weekly supports are breaking like thin boughs. There’s no, may it be ever so little intraday recovery move, let alone a rebound towards the close. Friday was a so-called trend day. The characteristics of a trend day are extraordinarily high spans, and the day falls – in case of a bearish trend day – virtually from the opening to the close closing near the lows. At the same time the deep sell-offs on a Friday get mightily down all the bulls – in psychological respect – because they make expect a bloody continuation for the next Monday/Tuesday and even for the entire next week.

From my point of view it’s for certain that by virtue of the Friday performance under the timing aspect the C-wave lows haven’t been made, and on Friday the important monthly  support residing at 1686 for October and at 1690 for November was fallen below. That’s why it’s got to go to the lower level before the year-end rally can begin. That level is now between 1654 and 1659 in gold!

 Beginning with Monday – perhaps at 1672-1670 a two to three day countertrend starts, at most going to the 1698-1700, followed by another 2-3 day very last sell-off move that turns at 1654-1659 then. But IF on Monday 11/05 or on Tuesday very early the 1654-1659 were reached already that would be the correction being within the allowed period of time for the final C-wave low! Please expect the same for silver, as far as the count goes .

SILVER

As always seen, silver is really a little bit less sharp to be forecast than gold is. After the Friday break of the important monthly support diagonal that passes at 32.20 for November,  My tip is rather a final low between 30.35 and 29.95.


TRADE ALERT : Now we’ll place buy limits for stacking our monthly positions. For gold it’s at 1656-61 and for silver at 30.16-30.22 Both orders MIT (market if touched). Both orders will be valid till 11/09/2012.

TRADE LEVEL

RESISTENCE #2.......................... $ 1729
RESISTENCE #1...........................$ 1698
PIVOT...........................................$ 1688
SUPPORT #1.................................$ 1663
SUPPORT #2.................................$ 1650


Happy trading

Rahul Kumar
Gold Specialist

Call me +91 895-8173-410

Write me : comexgoldfuture@yahoo.com

Join me : http://hansrajconsualtant.tk

Fallow me : http://facebook.com/comexgoldfuture

WEEKLY GOLD TREND FOR WEEK STARTING OCT 22nd

GOLD SETTLE $ 1724.70


" So far, the correction in gold is holding well above the 50% retracement level, a general indication of a
bullish condition, and anything is always subject to change.  For as long as gold remains in a trading range,
little can be said that is of consequence until a breakout develops, either way.  All that will be said is the
bullish nature of the chart has not changed'

Since the last developments on daily basis were to prevent this long-signal, on the basis of the seasonality it is looking very much better for November 2012. Each November close above 1755 will be a new strong buy signal for gold on monthly base:

Zooming into the chart we can better recognize why a touch with  at 1686 for October 2012 might be the strongest attraction point of the actual October correction on weekly and daily basis.  Now the correction may end any time because the support function  might start off at any moment.

Even seen through the darkest bearish glasses, the actual correction is but a matter of an extended test of $ 1680-$ 1700. In case of a significant close below the 1715 mark this test indeed may go down to the strongest  support the 1686 – but that’s where it’s supposed to end.

I.e. As per my view..... neither in October nor in November gold is supposed to close significantly below 1680. From the 1680 environment gold shall turn up again breaking the 1755 on closing price basis upwards significantly and subsequently heading for the next existing up targets $ 1815. And that’s the region of the all-time highs – spring 2013!

Note : Last week Our client (s) short some Gold and Silver at the point of $ 1755 and $ 32.80.......buts thats not suppose to close your position which bought at higher level.   

RECOMMENDATION : WAIT FOR FOMC MEETING THIS WEEK

TRADE LEVEL

RESISTENCE # 2....................... $ 1755

RESISTENCE # 1....................... $ 1740

PIVOT.................................... $ 1730

SUPPORT # 1.........................   $ 1712

SUPPORT # 2........................    $ 1699

Happy Trading

Rahul Kumar

Gold Specialist

Call me : +91 895-8173-410

Note : It is advise to each new subscriber.....

1.  please subscribe me for at least 3 months of period to be in sure profit.

2.  Trade my each recommendation generate during Monthly-Weekly-Daily.

3.  Dont trade any other news-advise-tips.......untill with me.

SUBSCRIPTION AMOUNT : Ist Month $ 99 after that $ 199 per month. 

GOLD TREND FOR WEEK STARTING OCT 15TH

GOLD SETTLE $ 1759.70

TECHNICAL

Altogether as many as five times, gold closed above the 1772  that started from the all-time high. That fact should technically keep this angle on weekly closing base. Technically it will take a weekly close below 1745 to break this angle pretty surely downwards, considering the lost motion. Target in that case would be the 1725 area .


For THE week, narrowly beneath the 1751 there is another important weekly time and price magnet that is formed by the strong support  at 1740. The 1740 should be expected for  week if a daily close below 1748 is produced. But it’s also possible that just a short intraday dip to the 1740 will happen –

In summary at 1751 the area of the strongest weekly and monthly supports begins. At 1751 and at 1740 strong turns or the end of the countertrend respectively are expected to happen for the week.

FUNDAMENTAL

We are literally witnessing a war between the physical buyers (Eastern central banks), and the paper manipulators (commercials or bullion banks), and that is why there is such a fierce battle being waged in gold between $1,735 and $1,800. The commercials are massively short gold at the moment, and each time they try attempt to drive the price of gold lower, there is a solid wall of physical buying they are running into.

This is one of those moments in the gold market where there is a distinct possibility that we will see a commercial signal failure.  A commercial signal failure is an extremely rare event, but we could well be setting up for just such an occurrence right now.

This is a battle between the sellers of paper-gold and the buyers of physical gold.  We know the paper-sellers are there because Comex open interest has exploded over the past several weeks.

The shorts will need to buy back at whatever price they can to limit their losses.  It is this panic buying that will launch the precious metals like a rocket when $1800 and $35 are finally hurdled.  We have seen battles like this one many times over the past  years.  Some of these battles have been fought even more fiercely than the current one, which means it could take a while longer to get the breakouts above $1800 and $35.

But TRADERS/INVESTOR  have to remember that in the end, the physical buyers always win as evidenced by the fact that gold has risen 11 years in a row, and this year looks like it will be number 12.  The reason of course is that there is far more paper-gold in existence than actual physical gold, which means only one thing:  We could soon be seeing a massive short squeeze in gold and silver........BE READY A BLAST IN PRICE

RECOMMENDATION : BUY ON DIP

TRADE LEVEL

RESISTENCE #2................................ $ 1784

RESISTENCE #1................................ $ 1772

PIVOT................................................ $ 1761

SUPPORT #1..................................... $ 1749

SUPPORT #2..................................... $ 1740

Happy Trading

Rahul Kumar

Gold Specialist

Call me for yr position : +91 895-8173-410

WEEKLY GOLD TREND (Week starting from Oct 8th)

GOLD SETTLE $ 1780.80

  New highs for this market may be established with both the fundamentals and the technicals

FUNDAMENTAL

Last week, the December Gold traded up to $1798.10 and now it is absolutely crucial for it to advance through the $1800.00 mark!  Friday, Gold had reached $1798.10 giving back the hope to the Gold bugs.

A better than expected Unemployment numbers (7.8%) force down the gold till $ 1774.50  


 Gold is now postured to climb higher than before.  The fundamental elements are all there.  QE3 represented an unlimited amount of money injected into the economy.    Draghi just needs the request of an indebted country to initiate his bond-buying program which again brings up the price of Gold typically.  Seasonal factors may also help the case for Gold as the ETF funds may flow into the Gold market.  Gold combined open interest increased 13.3 % in September and the commercials accounted for 50.7 %.  Physical Gold out of Asia has been weak due to the holiday, but the Chinese should come back into the market again next week.  India has remained weak.  With the added fear of inflation and turmoil globally, it would seem like the perfect time for Gold to make its move!  With this in mind, we proceed with due caution!  

TECHNICAL

Prices are testing resistance in the 1794.55-1802.80 area marked by the November 2011 and February 2012 swing highs. A break higher exposes 1850.00 and the 1900.00 figure. Initial support stands at a rising trend line set from mid-August, now at 1772.27. A reversal below that targets major trend line resistance-turned-support at 1746.79

TRADE RECOMMENDATION AS PER LAST MONTHLY REPORTS (Please check Oct 01st post)

TRADE LEVEL

RESSITENCE #2........................... $ 1808
RESISTENCE #1........................... $ 1796
PIVOT........................................... $ 1785
SUPPORT #1................................ $ 1770
SUPPORT #2................................ $ 1760


Happy trading

Rahul Kumar
Gold Specialist

Ask about yr positions : +91 895-8173-410 

WEEKLY AND MONTHLY TREND OF GOLD FOR THE MONTH OF OCT 2012

GOLD SETTLE $ 1773.90

A very good September closing just above our predication $ 1770.  As you remeber we bought gold in last month closing (08/31) $ 1692 and cover our longs at $ 1766.  Now the September clsoing produce same sitituation in the market.......  so I recommend only buying at these level.

GOLD

Our target for the month of October is $ 1840 and $ 1874

Our weekly tgt for the week starting 10/01 is $ 1796- $ 1807

Entry level for the Month of October

1. Ist entry at the level  of $ 1765

2. IInd entry at the level of $ 1753

SILVER

Our monthly tgt for Silver is $ 38.60

Our weekly tgt for Silver $ 35.60 & $ 36.32

ENTRY LEVEL

1.  Ist entry $ 34.30

2. IInd entry $ 33.44

Special Notes : Traders are request that buy only as per their capicity only better to go for physical metals.

TRADE LEVEL FOR WEEK STARTING 10/01

RESISTENCE #2............................. $ 1796
RESISTENCE #1..............................$ 1784
PIVOT..............................................$ 1775
SUPPORT #1...................................$ 1765
SUPPORT #2...................................$ 1756


Happy trading

Rahul Kumar
Gold Specialist

Contact :+91 895-8173-410

WEEKLY GOLD TREND FOR WEEK STARTING SEP 24th

GOLD SETTLE $ 1778 (GCZ12)

Last Friday Gold and Silver both reached their resistence $ 1790 and $ 35.20.

 

I analyzed a daily long-entry in case gold achieved to close above the 1775. That close was the trigger for reaching the +1800 last week:

It is not important that we always know everything. Sometimes the market has to decide releasing some determined trigger marks. Important for us is the fact that with the  Forecasting Method we can always assess better than with any other technical analysis method - what is the general health situation of the markets like.

If the markets achieve to trigger ($ 1780) their respective long-entries within the next three days the rally will go on. This solution is supposed to happen because of the consolidation at the highs during the past days. On the other hand the actual multi-resistance  would permit a resolution downwards. Some multi week corrections might be due – at least in gold and silver. Probable down-targets in case of day closes below 1758 and 34.32 respectively would be 1720 and 32.90.

Any daily close below the  Support at 34.32 during the three coming days would be a harbinger of an altogether 13 day correction to come thoroughly. And then it will be pretty sure that the  downwards. In case of a daily close below 33.90 silver should target the strongest weekly support at 32.90. The actually most important weekly support is located there being supposed to be the most likely down target of a 13 day correction.

Trade Instruction:

1. We’ll cover our weekly silver & Gold  long-position  in case of any daily close below 34.32 and Gold close below $ 1758.

2.  Try to re-enter in Gold near $ 1730-35 with a stop loss place at $ 1717.

3.  If Gold not close below $ 1758 till Wednesday........ and triger $ 1780 we will keep our longs for target $ 1810 and $ 1835.

Note : All trades are for December contract.

TRADE LEVEL

RESISTENCE #2.................$ 1800
RESISTECNE #1.................$ 1789
PIVOT ................................$ 1779
SUPPORT #1......................$ 1768
SUPPORT #2......................$ 1758 


Happy Trading

Rahul Kumar
Gold Specialist

Contact +91 895-8173-410

WEEKLY AND MONTHLY TREND FOR WEEK STARTING FROM SEP 17th (MON)

GOLD SETTLE $ 1772.70 (GCZ12)

The money-printing contest of the central banks is opened. On Thursday Fed chairman Bernanke announced the unlimited stimulus program – QE3 – after the EZB president Draghi had done the same. The perspective to the actually unlimited liquidity is going to make the investors worldwide take refuge still more in tangible assets like stock shares and commodities.

FUNDAMENTALLY

Ofcourse no need to explain much more ......Its a positive envoirment ......dont wait... buy some physical Gold on every dip.  Market its ready to make new high in next 2-3 month.  I personnely bought some physical Gold last two weeks closing price ($ 1743).  I am not seeing any FUTURE sell-off in the mkt which can harm the bull trend (SUPER-TREND).  Yes.....precious metals now in overbought position but I am sure any correction in the price will give the strength (healthy correction)

TECHNICALLY

Technically as I mentioned in my last issue ....we closed our longs at $ 1766 last week.  Market now at overbought Zone.  So for taking any  new entry we will wait for a healthy correction towards $ 1745-48.  My Ist tgt $ 1800 and than $ 1835.  The $ 1750 will react as good support for this week and $ 1800 as a resistence. 

Note : Would you, too, like to profit from this possible monster-wave in the precious metals on a large scale? Do you require a service that monitors, controls, analyzes and signals for you all the important moves in gold and silver? If so, go ahead and Join our Premium services

 http://hansrajconsualtant.tk 

or

 + 91 895-8173-410

WEEKLY TRADE LEVEL

RESISTENCE #2....................... $ 1818
RESISTENCE #1........................$ 1795
PIVOT........................................ $ 1758
SUPPORT#1..............................$ 1735
SUPPORT #2............................. $1695

Happy trading

Rahul Kumar
Gold Specialist

Write me : comexgoldfuture@yahoo.com

GOLD VIEW FOR WEEK STARTING FROM 10th SEP 2012

Just look up what the realy happing :

Here are the important exhaustion countertrend rallies since the 08/23/2011 all-time highs (1934.60/GCZ2 contract):

08/25/2011-09/06/2011: 8 Days. Low 1718.3 – High 1934.00. 216$ rally. Average rise/day 27$. No daily Fibonacci Retracement.

10/20/2011-11/08/2011: 14 Days. Low 1616.4 – High 1815.00. 199$ rally. Average rise/day 14$. One retracement during whole rally. 3 days of retracement within the 14 day rally, retracement level near 48%.

12/29/2011-02/29/2012: 42 Days. Low 1536 – High 1800.90. 265$ rally. Average rise/day 6.30$. One retracement during the whole rally. 10 days of retracement within the 42 day rally, retracement level near 24%.

Current 08/15/2012-09/07/2012: 18 Days. Low 1592.10 – High 1745.40. 153$ rally. Average rise/day 8.15$. One retracement during whole rally. 5 days of retracement within the 18 day rally, retracement level at 38.2%

The actual gold rally of the last 18 days has performed so far as the three important counter-trend bear-market rallies since the all-time high of August 23, 2011 did! It doesn’t show any considerable correction.

I don’t want to make it rain to no bull’s parade, but we bulls mustn’t be too euphoric. The actual rally is really and truly feeling like a monster up-wave that might easily lead gold to speedy new all-time highs, but it is also showing signs of a countertrend rally. In addition – another warning signal – the commercials don’t have any intention to change ends, at the contrary also last week they increased their short-positions massively in the COMEX. That is also pointing to the chance that the evil sheriff will have gathered his troops soon so he might strike back unexpectedly.

Technically both precious metals are in SUPER TREND as I hinted continously in my last issue but now I also looking for FOMC meets held on 09/12/2012.

TRADING STERTGY

GOLD FUTURE : We bought position on 08/31 at $ 1685-86 and look to profit booking at $ 1755-60 level at the begining of this week.  Again will wait for a dip or as per Fed meeting ( buy the rumor and sell the fact )

SILVER FUTURE : We bought at $ 30.30 and hited our all tgt ($ 32.90 closing $ 33.71) now we just modify our SL to $ 32.68 and wait for FOMC statement.

Would you, too,  like profit from the monster-wave in the precious metals on large scale?  Do u require a service that, monitor , control , analyzis and Signal for you  all improtant  move in Gold and Silver? If so,
GO AHEAD and Join us : +91 895-8173-410 or http://hansrajconsualtant.tk

WEEKLY TRADE LEVELS FOR GCZ12

RESISTENCE #2.......................... $ 1780
RESISTENCE #1.......................... $ 1760
PIVOT ......................................... $ 1725
SUPPORT #1............................... $ 1705
SUPPORT #2............................... $ 1680


Happy Trading

Rahul Kumar
Gold Specialist (Future &  Spot)

write me : comexgoldfuture@yahoo.com

 

WEEKLY GOLD TREND FOR WEEK STARTING AUG 27 (MON)

GOLD COMEX (GCZ12) SETTLE $ 1672.90

A decent move in Gold future last week (1619.20-1672.90) approx $ 53 hope more QE will be place near future in FOMC mintue. 

But on the top as I hinted my last issue regualerly...........Gold and Silver dont need any QE tomove higher....It is very near to a Super trend startting.     The time defintely will come soon when gold bugs see movement more that $ 100 in daily trading and $ 2-3 in silver also.

I am not going to much technically or fundamentaly on this issue.......insted of that I want to share my stertegy for Gold and Silver just look up :

GOLD : AS I HINTED GOLD NOT MOVE BELOW $ 1580 (Gold traded at $ 1609 that time) WE BOUGHT GOLD AT $ 1606 WITH SL $ 1585 AND CLOSED OUR ALL POSITION AT $ 1665 LAST WEEK.

NOW WE ARE WAITING FOR ANY CORRECTION TOWARDS $ 1640-45 TO BUY AGAIN WITH A SL BELOW $ 1600 FOR TGT $ 1730 $ 1835 AND MORE FOR DEC FUTURE (also we will buy a satisfactory weekly or daily closing)

SILVER : THE SAME STORY FIRST  I HINTED FOR A BOTTAM AT $  27 (BOUGHT AT $ 27.85 AND CLOSE AT $ 29.60) AND AGAIN BOUGHT AT $ 30.30 WITH SL BELOW $ 29.45 FOR TGT $ 31.45 $ 32.90 AND MORE

Would you, too,  like profit from the monster-wave in the precious metals on large scale?  Do u require a service that, monitor , control , analyzis and Signal for you  all improtant  move in Gold and Silver? If so,
GO AHEAD and Join us : +91 895-8173-410 or http://hansrajconsualtant.tk


TODAY LEVEL

RESISTENCE #2.................. $ 1685
RESISTENCE #1...................$ 1678
PIVOT ..................................$  1671
SUPPORT #1........................$ 1666
SUPPORT #2........................$ 1659

Happy Trading

Rahul Kumar
Gold Specialist

Write me : comexgoldfuture@yahoo.com






     

SURPRISE-SURPRISE........ITS A BUYING SIGNAL FOR PRECIOUS METALS

GOLD COMEX SETTLE $ 1619.20 (GCZ12)

Both silver and gold close above 100 days moving average showing buyer were present in the mkt at lower level. The precious metals at the end of last week again approached the top end of the huge bases they have been building since May.  Gold and silver dropped back a little yesterday to take a breather.  Nevertheless, they are ready to probe the top layer of overhead resistance that has been keeping their price contained.

The next step is for gold to break above $1630 and silver to break above $28.30, and when it happens it will signal their long awaited breakout from these 3-month bases.  Hopefully these two hurdles will fall on the same day.  If they do, it will signal real strength because both precious metals are confirming each other by breaking out of their base at the same time. 

  Slowly but steadily gold has been pulling away from $1580, while silver has been pulling away from $27.  As I have been saying, I think those prices are history.  We won't see them again.

Clearly the precious metals will soar if the Fed or ECB announces more quantitative easing.  But gold and silver don't need QE to move higher.  Given all of the financial uncertainty out there, there are numerous problems that we know about which could be the trigger lighting the spark to send the precious metals higher.

TODAY LEVEL (08/17)

RESISTENCE #2........................$ 1633

RESISTENCE #1........................$ 1626

PIVOT........................................$ 1615

SUPPORT #1.............................$ 1607

SUPPORT #2.............................$ 1595

Happy Trading

Rahul Kumar

Gold Specialist

Call me for trade set-up : +91 895-8173-410

Join us : http://hansrajconsualtant.tk

  

WEEKLY GOLD TREND FOR WEEK STARTING AUG 6TH

GOLD SETTLE ON MONDAY $ 1616.20 (GCZ12)

Leading up to last week's news, markets finished strong in anticipation of favorable news from multiple central banks, most importantly the United States and the ECB. Mario Draghi released a statement suggesting he would take any and all measures necessary to protect the Euro, and his statements were later backed by Germany and France. A strong Euro dropped the value of the US Dollar, and the buying in markets like the precious Metals ensued.

According to my analysis (which should be confirm Tuesday closing) the Precious metals mkt  trading at stage,  where buying on dip will be better opetion to trade.   I think with the 70-80% probabilty the gold bugs not get chance to buy gold and silver below $ 1580 and $ 27 respectively.   Now the main resitence laying at $ 1646 which can be tested end of this week.

TODAY LEVEL

RESISTENCE #2.......................... $ 1627
RESSITENCE #1...........................$ 1621
PIVOT ..........................................$ 1613
SUPPORT #1................................$ 1608
SUPPORT #2................................$ 1600

MCX

RESISTENCE #2.......................... INR 30070
RESSITENCE #1...........................INR 30000
PIVOT ..........................................INR 29930
SUPPORT #1................................INR 29850
SUPPORT #2................................INR 29780

Happy Trading

Rahul Kumar
Gold Specialist (Spot & Future)

Call me : +91 895-8173-410

For Corporate clients : Call timing 6.00-8.00 PM  (Indian timing)

GOLD TREND FOR AUG 02nd

FED TAKE NO NEW STEPS ON WEDENSDAY MEETS: GOLD SETTLE $ 1607.30 (GCZ12)

FOMC  officials left rates unchanged, as expected, and largely left the post-meeting statement unchanged as well. Some investors might have been anticipating the Fed to signal more convincing signs of quantitative easing. The kneejerk reaction sent yellow metal lower, but the selling not gathered any significant momentum .  

The day’s other news included ADP’S monthly jobs report that showed the US economy added 163,000 private sector jobs last month. The number was almost 40,000 better-than-expected and comes ahead of the Labor Department’s widely-watched report Friday.

The all eyes now on European Central Bank rate announcement and Mario Draghi’s comments at the accompany press conference will dominate Thursday.

TODAY LEVEL (GCZ12)

RESISTENCE #2......................... $ 1631
RESISTENCE #1......................... $ 1621
PIVOT ........................................ $ 1607
SUPPORT #1.............................. $ 1594
SUPPORT #2.............................. $ 1583

MCX (OCT FUTURE)

RESISTENCE #2.................. INR 30300
RESISTENCE #1.................. INR 30180
PIVOT.................................. INR 30050
SUPPORT #1....................... INR 29920
SUPPORT #2....................... INR 29790


Happy Trading

Rahul Kumar
Gold Specialist (Spot & Future)

Call : +91 895-8173-410

Join us for daily update : http://facebook.com/comexgoldfuture

WEEKLY GOLD TREND FOR WEEK STARTING JULY 30th

GOLD SETTLE $ 1625.10 (Dec) HIGHER $ 2.40

Gold did nothing and show a sideways trend through out the entire
trading day on the very first day of week.  The most of traders waiting for
 an annoucement of 02 days FOMC meet held  this week.

After Ben Bernanke testified in front of Congress on July 17^th,
economists began speculating that the FED may have to once again rescue the
market with supportive economic policy. Speculation grew into expectation
following the remarks made in Europe last Friday, but it is still unknown what
the FED has left to bring to the table. One idea that has been talked about the
most revolves around the FED cutting interest rates that is paid on bank
reserves, which will bring down short term borrowing costs and in turn
stimulate lending. The FED could also extend lowered interest rates until late
2014 or possibly even step back into the bond market with another round of
Quantitative Easing

While QE is highly unlikely, I believe that any supportive
statements made this week from Europe or the United States would help Gold
Futures rally.  Gold prices made a convincing move
out of the narrowing range and even tested the high prices from early July. I
mentioned last week that a breakout would likely have two targets, first $1600
and then $1620. Now that both targets were met, we will likely hold the range
between these two prices until final announcements are made in the US on
Wednesday, followed by an ECB press conference on Thursday . If there is follow
through buying above $1620, the next targets should be June's high price near
$1640, then the 200 day moving average closer to $1660. Conversely, if last
week's remarks are not backed with anything concrete, then last week's
rally will be lost in a flood of selling in the Gold. The lower end of the
range would be priced around $1560.

RECOMMENDATION OF THE WEEK :  THE TRENDLINE FOR DEC GOLD FUTURE $ 1615-17, IF HOLD BY JULY CLOSING.........WE WILL BUY GOLD FOR TGT $ 1645 $ 1663 WITH A SL $ 1598

Happy Trading

Rahul Kumar
Gold Specialist (Spot & Future)

Call me : 895-8173-410

GOLD TREND FOR JULY 27th

GOLD SETTLE $ 1615.10 UP BY $ 7

The Gold market extended gains after European Central Bank President Mario Draghi reassured investors that the ECB would do whatever was necessary to preserve the Euro. Mr. Draghi’s comment caused the Euro currency to spike versus the U.S Dollar boosting demand for Gold as an alternative investment. The rally momentum was halted as it reached the $1620-$1625 technical resistance level. The U.S Department of Labor released the Initial Jobless Claims as 353,000. This was much better than the 380,000 that had been projected.

Traders to keep eye on today U S GDP release by 8.30 AM  ( 6.00PM Indian time)

RECOMMENDATION : STILL BULLISH FOR TGT $ 1640-45 WITH SL BELOW $ 1599 

TODAY LEVEL

RESISTENCE #2......................... $ 1634
RESISTENCE #1......................... $ 1624
PIVOT ........................................  $ 1612
SUPPORT #1.............................. .$ 1602
SUPPORT #2................................$ 1590

MCX

RESISTENCE # 2.......................... INR 29940
RESISTENCE # 1.......................... INR 29870
PIVOT ..........................................  INR 29800
SUPPORT #1................................  INR 29725
SUPPORT #2................................  INR 29660

Happy Trading

Rahul Kumar
Gold Specialist

Call me +91 895-8173-410

http://www.hansrajconsualtant.tk/

GOLD TREND FOR JULY 26th

GOLD SETTLE $ 1608.10 UP $ 31.90

Yesterday gold able to close above $ 1600 after strugling continously last three week.
The top two news helping gold settle higher,  First increased optimism about more
potential monetary easing in the U.S. and Second  news that one European Central Bank
council member saw arguments in favor of granting the European Stability
Mechanism a banking license.


The member of FOMC prepare for a two days meeting early in the August.
There is an ongoing expectation of many traders that the Fed might actually
introduce another round of monetary easing, which would be positive for prices




TECHNICALY VIEW


The initial resitence laying in the market yesterday high $ 1610 and after that
100 DMA $ 1624.10 and the Major support at $ 1588.40 the 50 DMA.
Today also experition of August contratct option.  Gold moving the entire contract
between $ 1560 to $ 1610 range and seeing some volatility within the range.


RECOMMENDATION


 Buy the break of yesterday's 1610.0 high, or even earlier if price can demonstrate strength above 1598 level of the Daily Pivot. But stand prepared to exit or even reverse if we get appropriate price reversal patterns and/or Oscillator Divergence near important resistance levels. Our Normal High Range Projection level of 1624.1 or the Extended High Range Projection level of 1636.4 would be likely areas for such a reversal to take place, as would be a test and failure of yesterday's high.


TODAY LEVEL


RESISTENCE #2............................ $ 1630
RESISTENCE #1............................ $ 1620
PIVOT......................................... ..    $ 1598
SUPPORT #1................................  .$ 1587
SUPPORT #2................................  .$ 1567


MCX 


RESISTENCE #2............................ INR 30030
RESISTENCE #1............................ INR 29930
PIVOT.......................................... .    INR 29760
SUPPORT #1................................  .INR 29670
SUPPORT #2................................  .INR 29500


Happy Trading


Rahul Kumar
Gold Specialist


Call me : +91 895-8173-410


http://www.hansrajconsualtant.tk/

 

GOLD TREND FOR JULY 25TH

GOLD SETTLE $ 1576.20 LOWER $ 1.20

The gold market has been largely range-bound since May, caught
between selling tied to the softening euro but drawing support from
bargain-hunting at lower level.

They described a technical-chart pattern in which gold is forming an
 increasingly tight “wedge” consolidation-type formation that is often a
harbinger of a sharp break either way.

Traders of Yellow metal advised keep a very close eye, wht is going
to happen in Europe and   fundamentaly wht soluation take place in the
market.  Last night the euro fell as far as $1.2043,
its weakest level in two years. 

RECOMMENDATION : BE READY TO SHARP BREAKOUT.....TILL THAT SELL ON HIGHER (1585-87) AND BUY ON DIP (1562-65) WITH STRICT SL

TODAY LEVEL

RESISTENCE #2............................$ 1591
RESISTENCE #1............................$ 1584
PIVOT ...........................................$ 1576
SUPPORT #1.................................$ 1568
SUPPORT #2.................................$ 1560

MCX

RESISTENCE #2............................INR 29700
RESISTENCE #1............................INR 29630
PIVOT ...........................................INR 29510
SUPPORT #1.................................INR 29440
SUPPORT #2.................................INR 29330

Happy Trading

Rahul Kumar
Gold Specialist

Call me +91 895-8173-410

http://www.hansrajconsualtant.tk/




MCX

GOLD TREND FOR JULY 24th (TUE)

GOLD SETTLE $ 1577.40 LOWER $ 5.40

The Yellow metal did last night exactly, what I expect in my weekly report. 
Gold made a low $ 1562 and closed after a good bounce.  The first point of interest
is today's low in Gold.
 It will be important in this week's trade for Gold to hold this low .
Technically, a failure here would suggest a retest of the May lows
around $1530, and below that price, there would likely be very heavy selling
pressure. If the market can hold yesterday's  low, I believe the first target
to the upside would be the 50day moving average ($ 1588.30), then an even
price of $1600. Closes above $1600 would be a very welcome sign for Gold Bugs,
but this will be no easy task against a very strong US Currency to begin the
week. 

The euro was further weighed down by a report in the German magazine
Der Spiegel saying that the International Monetary Fund may stop aid
payments to Greece, raising prospects that the nation will become insolvent.

RECOMMENDATION : WE BOUGHT GOLD YESTERDAY NIGHT $ 1565 AND NOW
HOLD WITH A STOP $ 1562 CLOSING BASIS FOR TGT $ 1587 AND $ 1600 THROUGH
$ 1630

TODAY LEVEL

RESISTENCE #2........................ $ 1595
RESISTENCE #1........................ $ 1587
PIVOT ....................................... $ 1575
SUPPORT #1............................. $ 1565
SUPPORT #2............................. $ 1553

MCX

RESISTENCE #2........................ INR 29590
RESISTENCE #1........................ INR 29520
PIVOT ....................................... INR 29410
SUPPORT #1............................. INR 29330
SUPPORT #2............................. INR 29230

Happy Trading

Rahul Kumar
Gold Specialist

Call me +91 895-8173-410

http://www.hansrajconsualtant.tk/

WEEKLY GOLD TREND FOR WEEK STARTING JULY 23rd

GOLD SETTLE $ 1582.80

Gold moved form last two weeks between very tight range $ 1555-$ 1595.

The pennant formation in gold looks very close to breaking out.. I believe it will be to the upside, but a downside breakout would probably take it to $1520 and $ 1480.

To  be a sfae trader wait for a breakout to enter in the market either side daily closing.
(For short trade below $ 1555 for long trades above $ 1595) 

I belive a breakout of either side will be trake place this week or hardly early Aug (2-3).

BEST BUY ENTRY : BUY $ 1567-70 TGT $ 1585 $ 1595 SL BELOW $ 1555
BEST SELL ENTRY : SELL $ 1584-87 TGT $ 1571 $ 1555 SL $ 1599
(both stop  should be closing basis)

TODAY LEVEL

RESISTENCE #2........................... $ 1597
RESISTENCE #1............................$ 1589
PIVOT ...........................................$ 1580
SUPPORT #1.................................$ 1572
SUPPORT #2.................................$ 1562

MCX

RESISTENCE #2........................... INR 29390
RESISTENCE #1............................INR 29320
PIVOT ...........................................INR 29260
SUPPORT #1.................................INR 29190
SUPPORT #2.................................INR 29130


Happy Trading

Rahul Kumar
Gold Specialist (Spot & Future)

Call me for trade set-up : +91 895-8173-410

http://www.hansrajconsualtant.tk/

GOLD TREND FOR JULY 19th

GOLD SETTLE $ 1570.80 LOWER $ 19.30

Overnight trade was very quiet with little overnight data.  The reaction in the market to yesterday’s Bernanke Testimony was sharp with strong selling in reaction to his statement followed by a corrective rally to new highs later in the Q and A session.  Essentially there was more of the same as Bernanke made no commitments to new QE policy though maintained the stance that the Fed is ready to act should the data continue to be negative.

The testimony is set to continue today as Bernanke moves from the Senate to the House.  The testimony will be follow by the Fed’s Beige Book report that should go a long way to defining the Fed’s current view of the state of the economy.  There was some significant volatility yesterday in response to the testimony that could show up again in the market today, though the statement should not change. One of the most affected markets was the Gold.  While it remains within the parameters of the current pennant formation, it is showing some sharp selling as the need for a QE inflation hedge and a safe haven hedge appear to be less than necessary in the current climate.  Should this continue today, we could see a test of the bottom trend line of the forming pennant currently at 1557.

TODAY LEVEL

RESISTENCE # 2........................... $ 1593
RESISTENCE # 1............................$ 1582
PIVOT ...............................................$ 1575
SUPPORT #1...................................$ 1564
SUPPORT #2...................................$ 1557

MCX

RESISTENCE #2............................ INR 29350
RESISTENCE #1.............................INR 29260
PIVOT ...............................................INR 29185
SUPPORT #1...................................INR 29100
SUPPORT #2...................................INR 29030


Happy Trading

Rahul Kumar
Gold Specialiest (Spot & Future)

Call me : +91 895-8173-410   

GOLD TREND FOR JULY 18th

GOLD SETTLE $ 1589.50 LOWER $ 2.20

Yesterday market moving between our  resistence and  support level.

Nothing has changed here since last week’s words as Europe saw a relatively quiet week. In fact, August gold touched $1555 last Thursday and bounced to $1596 by Friday. I expect a drift up to $1630.


Federal Chairman Ben Bernanke, speaking before the Senate Banking Committee, sent a “neutral message” on the Federal Open Market Committee’s inclination to provide further monetary easing at its
July 31-Aug  01 meeting.

OUR VIEW TECHNICALLY AND FUNDAMENTLY TILL THAT



Buying near $1560, risking below $1548 or selling near $1624-30, risking above $1650 and being patient in between seems to be the best option right now. Another idea is an option strangle where you sell calls above the market and puts below the market to try and take advantage of the trading range.

Silver: September silver saw highs near $27.50 and lows near $26.50 during the past week. This type of action should continue with a weaker bias as breaks come easier than rallies of late for silver.


TODAY TRADE LEVEL

RESISTENCE #2......................... $ 1613
RESISTENCE #1......................... $ 1601
PIVOT ........................................ $ 1586
SUPPORT #1.............................. $ 1574
SUPPORT #2.............................. $ 1559

MCX

RESISTENCE #2......................... INR 29460
RESISTENCE #1......................... INR 29360
PIVOT ........................................ INR 29270
SUPPORT #1.............................. INR 29180
SUPPORT #2.............................. INR 29100

Happy Trading

Rahul Kumar
Gold Specialist (Spot & Future)

Call me for trade set-up: (+91) 895-817-3410

Join us : http://www.hansrajconsualtant.tk/

WEEKLY GOLD TREND FOR WEEK STARTING JULY 16th

Last week, I predicted a choppy week for the Gold Futures,
and the market provided exactly what I was looking for. This week however, I
think may have better potential for a directional play. The reason for this is
due to the fact that last week brought attention to long positions in
commodities and I do not think the Precious Metals saw their fair share of
buying yet.

As Gold Futures probed lower in  last Thursday's trade, it failed to retest
the June low and reversed at a higher price .

This price action now shows an upward trend beginning at the May low prices,
 which should be seen as bullish for the week.

There are no options or futures expirations until next week
in the Metals, so unless the lighter volume environment really comes into play,
I do not suspect that there will be any major swings this week. I would like to
see Gold prices closing above $1600 again this week, and would feel even better
if this week could produce a close above the high price posted on July 2^nd,
around $1620.

Overall, I think that this week may favor the upside in the
Precious Metals as commodities are experiencing an increase in net long
positions. After last week's choppy trade and the Gold Future's failure to
retest chart lows on Thursdays drop, there should be enough reason to scale
into the long side of Gold on pullbacks.

TRADE LEVEL FOR JULY 17th

RESISTENCE #2......................$ 1603
RESISTENCE #1......................$ 1597
PIVOT......................................$ 1587
SUPPORT #1...........................$ 1581
SUPPORT #2...........................$ 1573



MCX

RESISTENCE #2......................INR 29418
RESISTENCE #1......................INR 29350
PIVOT......................................INR 29260
SUPPORT #1...........................INR 29190
SUPPORT #2...........................INR 29100


Happy Trading

Rahul Kumar
Gold Specialist (Spot & Future)

Call me : (+91) 969-0022-884

Join us : http://www.hansrajconsualtant.tk/

GOLD TREND FOR JULY 13th (FRI)

GOLD SETTLE $ 1565.30 LOWER $ 10

Follow through...... Wednesday.....  It was a mild “risk-off” trading day in the market place Thursday. This follows Wednesday afternoon’s FOMC minutes from the Federal Reserve that confirmed a sluggish U.S. economy, but provided no fresh clues on any upcoming Fed monetary-policy-easing moves. Yesterday U S labour department reported that number of application for jobless claim down to 26000  put more pressure on yellow metal in the time of Morning session of Comex.

After making low $ 1554.40 (CST 10AM) Precious metal starting pull back On a slightly positive note coming out of the European Union, Italian government shorter-term borrowing costs have backed off just a bit, which hints that the EU debt crisis has stabilized, for the moment at least.



"SO FOR GOLD, WHILE THE INITITAL INDIICATORS ARE NOT SO GOOD, THERE IS STILL TIME FOR SOME OPTIMISM TO GROW"

RECOMMENDATION : WE BOUGHT GOLD YESTERDAY $ 1560  WITH STRICT SL  BELOW $ 1547 CLOSING BASIS (as we mention in our weekly report on Monday)

TODAY LEVEL

RESISTENCE #2........................ $ 1588
RESISTENCE #1.........................$ 1576
PIVOT .........................................$ 1566
SUPPORT #1...............................$ 1554
SUPPORT #2...............................$ 1544

MCX LEVEL

RESISTENCE #2........................ INR 29410
RESISTENCE #1.........................INR 29330
PIVOT .........................................INR 29240
SUPPORT #1...............................INR 29140
SUPPORT #2...............................INR 29070

Happy Trading

Rahul Kumar
Gold Specialist (Spot & Future)

Call me : 969-0022-884

Join us : http://www.hansrajconsualtant.tk/

GOLD TREND FOR JULY 12th (THU)

GOLD SETTLE $ 1575.70 LOWER $ 5.50

August gold futures prices closed nearer the session low again Wednesday. The gold market bulls are fading and need to show fresh power soon to avoid fresh chart damage being inflicted

Wednesday  FOMC minutes provided little fresh information for traders and investors, and no fresh clues on U.S. monetary policy actions upcoming. Most market bulls want the Fed to embark on another round of quantitative easing of monetary policy  (QE3) and were hoping in the FOMC minutes to find fresh hints from the Fed that such is coming soon.

WATCH CLOSELY TODAY JOBLESS CALIM TO MAKE FURTHER STERTEGY

MARKET BIAS : NATURAL

TODAY LEVEL

RESISTENCE # 2....................... $ 1592
RESISTENCE # 1........................$ 1584
PIVOT ........................................$ 1574
SUPPORT #1..............................$ 1566
SUPPORT #2..............................$ 1557

MCX LEVEL

RESISTENCE # 2....................... INR 29480
RESISTENCE # 1........................INR 29380
PIVOT ........................................INR 29300
SUPPORT #1..............................INR 29190
SUPPORT #2..............................INR 29120


Happy Trading

Rahul Kumar
Gold Specialist (Spot & Future)


Call me for trade set-up : 969-0022-884

http://www.hansrajconsualtant.tk/

GOLD TREND FOR JULY 11th (Wed)

GOLD SETTLE $ 1569.10 LOWER $ 20

The market place is now awaiting Wednesday  FOMC minutes from the Federal Reserve for any clues on U.S. monetary policy actions upcoming. Gold and silver bulls want to see some fresh hints the Fed will implement further monetary policy easing measures soon.  In overnight news, Chinese economic data showed a trade surplus for that nation in June, which indicates slowing demand coming out of the second-largest economy in the world.

 YELLOW METALS  needs a catalyst and just hasn’t gotten it yet.   The market is searching for support, which  lies between current prices ($1565-70) and roughly $1,540 an ounce.

TODAY LEVEL

RESISTENCE # 2....................... $ 1614
RESISTENCE # 1........................$ 1591
PIVOT ........................................$ 1579
SUPPORT # 1.............................$ 1556
SUPPORT # 2.............................$ 1544

MCX LEVEL

RESISTENCE # 2....................... INR 29750
RESISTENCE # 1........................INR 29590
PIVOT ........................................INR 29490
SUPPORT # 1.............................INR 29330
SUPPORT # 2.............................INR 29230

Happy Trading

Rahul Kumar
Gold Specialist (Spot & Future)

Call me : 969-0022-884

Join us : http://www.hansrajconsualtant.tk/

GOLD TREND FOR JULY 10th (TUE)

GOLD SETTLE $ 1589.10 HIGHER $ 10.10

Short covering and bargain-hunting buying interest were main featured Monday, following Friday’s sharp losses. Trading has turned choppy and sideways in the gold market as the bulls and bears struggle for near-term control with neither able to maintain much of an edge.

News that,  Euro area finance ministers agreed early Tuesday on the terms of a bailout for Spains troubled banks, saying that €30 billion ($36.88 billion) can be ready by end of this month. The market place is now awaiting Wednesday’s FOMC minutes from the Federal Reserve for any clues on U.S. monetary policy actions upcoming. The recent dour world economic news, including last Friday’s U.S. jobs report and Monday’s fresh data from China and the EU, raises the specter of price deflation. Price deflation is the enemy of most markets, especially commodity markets and including gold and silver.

TODAY LEVEL

RESISTENCE # 2............................ $ 1602
RESISTENCE # 1.............................$ 1595
PIVOT .............................................$ 1586
SUPPORT #1...................................$ 1579
SUPPORT #2...................................$ 1570

MCX LEVEL

RESISTENCE # 2............................ INR 29760
RESISTENCE # 1.............................INR 29700
PIVOT .............................................INR 29630
SUPPORT #1...................................INR 29560
SUPPORT #2...................................INR 29500


Happy Trading

Rahul Kumar
Gold Specialist

Call me : 969-0022-884

Join US : http://www.hansrajconsualtant.tk/

WEEKLY GOLD TREND FOR WEEK STARTING 09th JULY

Well, again the precious metal bulls were disappointed.  As we peidicate last week Gold not able to break Monthaly resistence 1627 and start downwards from there.  Newly the short sellers maintained their superior position. Newly the metal was pressed down by the daily downtrend line that has been dominating for more than four months. But next week the true decisive battle is coming up:

At first I adjusted the elliptical resistance to the highs of last week. We can see that gold succeeded twice to spike over the elliptical resistance. Even though it was narrow, but for this resistance the signification is that it was tested more emphatically than it was the first two times. In addition last week a daily close and a daily open were exactly at the resistance. In terms of time gold remained at the resistance longer than it ever did in the past. The force of the bulls is increasing. But as expected, also in the third test gold was rejected again coming now into the phase when the decisive attack to the resistance is to be expected. The fourth test of this resistance is always the decisive one. The important Gann resistances and supports mostly break at the 4th test. That is why in the next try gold will have the highest probability of breaking this resistance finally. It’s a 70%!!

But the precondition is that on the one hand the key support angle  below the price will resist on Monday and on Tuesday on closing price basis as well. I really expect that to happen. From there the market is supposed to tackle newly the elliptical resistance breaking it in the next try. The earliest deadline for the break will be next Thursday.

But if the PRICE at the beginning of the week, i.e. a daily close below 1565.  We will see more correction till 1535 with a probability of 70%.

RECOMMENDATION (WWEKLY) : BEST BUY $ 1560-65 WITH STRICT STOP BELOW $ 1550 (CLOSING) FOR TGT $ 1610

TODAY LEVEL

RESISTANCE # 2…………. $1623.00
RESISTANCE # 1…………. $1602.00
PIVOT…………………….. .$1589.00
SUPPORT # 1……………....$1566.00
SUPPORT # 2……………....$1555.00

MCX

RESISTANCE # 2…………. INR 29900
RESISTANCE # 1…………. INR 29770
PIVOT…………………..… .INR 29650
SUPPORT # 1……………....INR 29540
SUPPORT # 2……………....INR 29420

Happy Trading

Rahul Kumar

Gold Specialist

Head

Hansraj Stocks and Commodity Consualtant

Join us : http://hansrajconsualtant.tk/

Call me : 969-0022-884

GOLD TREND FOR JULY 6th (FRI)

GOLD SETTLE $ 1609.40 LOWER $ 12.40

The session yielded light volume as traders may have taken profits as the U.S Dollar gained strength against the Euro . YESTERDAY European Central Bank Governing Council member Jens Weidman said the results of last month’s European summit didn’t bring any clarity as to the direction the monetary union is taking according Bloomberg. So once again the news from the Euro region is sketchy at best. Traders and investors alike may also be sidelined awaiting  UNEMPLOYMENT data due out at 6.00 PM TODAY.

TECHNICALLY

Technically Gold return Major resistence $ 1625-27 (watch weekly report of July 02) and made low $ 1597. The same with Silver, not able to move above $ 28.55 (monthly resistence) ........ looks what the Charts  tell us  :

1.  Both the monthly and weekly charts are in downtrends.
2.  The weekly chart has a previous sell that is still intact.
3.  On the daily chart silver rallied up to market resistance and has started to sell off.
4.  On the daily chart silver attempted to get over the 20 day ma both Tuesday and today and failed. 
5.  On the daily chart the recent rally could be the setup for another wave down.
6.  Today was an inside day that can trigger a signal and market direction.

RECOMMENDATION : WE ARE NOT TAKING ANY POSITION DURING DAY TRADING.....WAITING FOR ( UNEMPLOYMENT BENIFIT)  DATA RELEASE AT 6.00PM

MARKET BIAS : NEGATIVE

TODAY LEVEL

RESISTANCE # 2…………. $1637.00
RESISTANCE # 1…………. $1622.00
PIVOT…………………...... .$1610.00
SUPPORT # 1……………....$1596.00
SUPPORT # 2……………....$1583.00

MCX LEVEL

RESISTANCE # 2…………. INR 29960
RESISTANCE # 1…………. INR29860
PIVOT…………………...... .INR 29710
SUPPORT # 1……………....INR 29600
SUPPORT # 2……………....INR 29460

Happy Trading

Rahul Kumar
Gold Analysist
Hansraj Stocks and Commodity Consualtant
http://hansrajconsualtant.tk/

Call me for trade set-up : 969-0022-884


 

GOLD TREND FOR JULY 5th

GOLD SETTLE $ 1621.80 HIGHER $ 24.10 

Overnight trade was fairly light with the exception of the metals and energies.  The crude oil spiked higher due to potentially inflammatory rhetoric out of Iran as news that the newly sanctioned oil producer was conducting missile tests for weapons that were capable of striking Israel.   This comes just after the July 1^st European Oil sanctions went into effect as a punitive measure to Iran’s insistence on pursuing nuclear technology congruent with weapons manufacturing.  Higher crude oil price support yellow metals to close higher.

 Crude Oil and precious metals rallied strong on hints that central banks from Europe to China may implement monetary easing to jump start their sluggish economies. The European Central Bank is expected to cut interest rates to help slow the regions debt crisis. Cutting rates and monetary easing are historically “bullish” precious metals.



COMEX/NYMEX MARKETS CLOSED WEDNESDAY 7/4 IN OBSERVANCE OF INDEPEDENCE DAY!

LEVEL FOR JULY 05th

RESISTANCE # 2…………. $1644.00
RESISTANCE # 1…………. $1633.00
PIVOT……………………… .$1614.00
SUPPORT # 1……………....$1603.00
SUPPORT # 2……………....$1584.00

TODAY MCX LEVEL

RESISTANCE # 2…………..INR 29700
RESISTANCE # 1…………. INR 29580
PIVOT……………………… .INR 29505
SUPPORT # 1……………....INR 29390
SUPPORT # 2……………....INR 29320


Happy Trading

Rahul Kumar
Gold Analysist (Spot & Future)

http://hansrajconsualtant.tk/

Call me : 969-0022-884

GOLD TREND FOR JULY 3rd (TUE)

GOLD SETTLE $ 1597.70 (LOWER $ 6.50)

Gold move entire trading day in very tight range $ 16 with a negative bias.  Current resistence laying at $ 1606.50 and Support at $ 1587.  

TODAY markets will close early and Wednesday’s U.S markets will be closed in observance of Independence Day. With the week’s abbreviated trading schedule coupled with the UNEMPLOYMENT DATA on Friday the 6th of July it certainly makes sense for traders to liquidate profitable positions when available.

TECHNICALLY : MARKET LOOKS TO RE-TEST $ 1575-70


TODAY LEVEL

RESISTANCE # 2…………. $1613.00
RESISTANCE # 1…………. $1603.00
PIVOT………………..…… .$1597.00
SUPPORT # 1……………....$1590.00
SUPPORT # 2……………....$1581.00

MCX LEVEL

RESISTANCE # 2…………. INR 29865
RESISTANCE # 1…………. INR 29760
PIVOT…………………….. .INR 29660
SUPPORT # 1……………....INR 29560
SUPPORT # 2……………....INR 29460

Happy Trading

Rahul Kumar
Gold Analysist (Spot & Future)

Call me : 969-0022-884

Join us : http://hansrajconsualtant.tk/



 

WEEKLY GOLD TREND FOR WEEK START JULY 02

GOLD SETTLE $ 1604.10 (LAST FRIDAY)

Whereas with the developments of last week, for the entire commodity sector became apparent that with the May lows possibly even the year-lows 2012 were made (CCI – Continuous Commodity Index) in the field of the precious metals certainly not all that glistens is gold.

It’s understood, with the outstanding price advantages of Friday for the time being the gold and silver bugs remain at the helm again – at least in the short term. Above all, if we consider silver in a context with crude oil the short squeezes we could see in both markets on Friday might have been the first indications that also those two important commodities produced their final lows of the whole correction on Thursday.

We gold  bugs cannot and must not become bullish before the elliptical resistance $ 1617-20  is clearly overcome on daily basis, i.e. before it is broken upwards on daily closing base.

Thus – considered theoretically – during the whole month gold may rebound downwards from the elliptical resistance again and again. Not before that, the time will allow – always considered merely theoretically – a significant rise.

All things considered I think that the entire first initial impulse since the May lows is not supported by the mass of all the market participants! The whole impulse is unclean, and that involves some threats, especially the threat that the market will fall short of the May lows again!

 I consider the success of a significant break out of the elliptical resistance as pretty unlikely. And it will be above all taking into consideration the stock markets that might brutally fall again from Thursday. Gold and silver are technically expected to follow the stocks! The only possible exception would be if last Friday really a mighty new up impulse started. But I rather don’t suppose so because short squeezes very seldom ring in significant changes in trend.

 Well, technically we should have to reckon with this: In 3-4 days, at about 1615-1612$, where the elliptical resistance meets the daily downtrend line the next big battle will be carried out. If gold closes above 1627 one day of next week it will probably be out of the woods, because in that case we would have the confirmation that last Friday in deed a new initial impulse started that we could count out very well consecutively.


Though, if gold is soon rejected by its elliptical resistance and the daily downtrend line again, we’ll have the 70% probability of lower lows, and maybe only from there a clean, clearly countable initial up impulse can start.

Happy Trading

Rahul Kumar
Head
Hansraj Stocks and Commodity Consualtant
http://hansrajconsualtant.tk/

Call me : 969-0022-884  

GOLD TREND FOR JUNE 29th (Fri)

GOLD SETTLE $ 1550.40 LOWER $ 28

 It certainly apparent that investors and traders are not very optimistic that the European Union summit will result in any major changes concerning the debt crisis in the region. The continued indecisive action in the region has placed heavy pressure on the Euro currency and forcing global investors into the U.S Dollar and U.S treasuries as their safe haven alternative investments

Turning to the chart, we see the August Gold contract forming a failed double-bottom pattern at the beginning of June. The pattern failed to both make the measured move and signal a reversal of trend. The market appears to be set to trade sideways if it can hold the 1535 level on the downside. The oscillators are giving neutral readings at the moment.

TECHNICAL

This move lower for September silver generates a sell signal on the daily chart.  Silver issued a sell signal on its weekly chart last week and the trend is down on the monthly chart. 

August gold futures similarly issued a fresh sell signal on the daily chart today.  Gold gave a sell signal last week on the weekly chart and this is the second month in a row gold has closed below its 20-period SMA on the monthly chart, a bearish indicator

RECOMMENDATION : AS THE WEEKEND AND LAST DAY OF EU SUMMIT, WE ARE NOT TAKING ANY FRESH POSITION TILL THAT....... BUT SUGGESTION TO REVISE SL ON SHORT $ 1565 AND WAIT FOR MY WEEKLY REPORT ON MONDAY........

TODAY LEVEL

RESISTANCE # 2…………. $1591.00
RESISTANCE # 1…………. $1570.00
PIVOT…………………..…. .$1559.00
SUPPORT # 1……………....$1538.00
SUPPORT # 2……………....$1527.00

MCX

RESISTANCE # 2…………. INR 30160
RESISTANCE # 1…………. INR 29910
PIVOT……………………… .INR 29770

SUPPORT # 1……………... INR29525

SUPPORT # 2……………...INR 29380

Happy Trading

Rahul Kumar

Head & Sr  Analysist

Hansraj Stocks & Commodity Services

http://hansrajconsualtant.tk/

Call me : 969-0022-884 

 

GOLD TREND FOR JUNE 28th (Thu)

GOLD SETTLE $ 1578.40 HIGHER $ 3.50

Gold moved entire trading day between a tight  technical range (1st risistence & 1st support).  Last  two days action show that traders are waiting for some news (good/bad) to do somthing.  They are awaiting for today US economic data and two day  20th EU summit strat from today in order to resolve the spreading debt crisis in the region.  There are low expectations for concrete results coming out of this latest gathering of EU officials.

Technically I am in selling mode untill gold not close above $ 1603 and wait to add more shorts if any closing below $ 1548 for a tgt $ 1525.

TODAY LEVEL

RESISTANCE # 2…………. $1597.00
RESISTANCE # 1…………. $1587.00
PIVOT…………..………… .$1575.00
SUPPORT # 1……………....$1566.00
SUPPORT # 2……………....$1553.00

MCX

RESISTANCE # 2…………. INR 30250
RESISTANCE # 1…………. INR 30110
PIVOT……………..……… .INR 30000
SUPPORT # 1……………....INR 29865
SUPPORT # 2……………....INR 29770

Happy Trading

Rahul Kumar
Gold Analysist (Spot & Future)

Call me : 969-0022-884

GOLD TREND FOR JUNE 27th (Wed)

GOLD SETTLES $ 1574.90 LOWER $ 13.50

Gold futures traded a choppy $20.20 range as Spanish and Italian borrowing costs rose as concerns that this week’s European Union summit will fail to solve the regions debt crisis. This situation has pressured the Euro currency, made the U. S Dollar the favored investment choice, and therefore has lessened the appeal for precious metals. However, these price levels are apparently appealing to Central Banks recently as the International Monetary Fund’s website has produced data showing that Russia, Turkey, Ukraine, and Kazakhstan have increased their gold reserves. Gold has also not been able to maintain recent rally momentum as the price of Crude Oil continues to trade under $80.00 per barrel.  Crude Oil futures traded as low as $78.33 per barrel. These lower Crude prices are anti- inflationary and therefore “bearish” precious metals.

TODAY LEVEL

RESISTANCE # 2…………. $1597.00
RESISTANCE # 1…………. $1586.00
PIVOT…………………..… .$1577.00
SUPPORT # 1……………....$1566.00
SUPPORT # 2……………....$1557.00

MCX

RESISTANCE # 2…………. INR 30280
RESISTANCE # 1…………. INR 30125
PIVOT…………………..… .INR 30020
SUPPORT # 1……………....INR 29870
SUPPORT # 2……………....INR 29770

RECOMMENDATION : KEEP SHORT WITH PROPER SL

Happy Trading

Rahul Kumar
Gold Analysist (Spot & Future)

Call me : 969-0022-884


 

GOLD TREND FOR JUNE 26th (Tue)

GOLD SETTLE $ 1588.40 HIGHER $ 21.10

The market was fueled as short covering and renewed safe- haven buying helped push the yellow metal through the $1575-$1585 resistance levels. Despite lower Crude Oil prices and a stronger U.S Dollar it became apparent that investors and traders alike were choosing the precious metals as their alternative investment choice as the news from the European Union continues to capture the world’s headlines.

The Low Breakout Continuation Setup signal implies significant downside IF yesterday's low happens to be taken out. The Momentum Pinball Sell signal also suggests that IF the first hour's low is broken, the market is suggesting something entirely different than indicated by the 90-10, and we'd want to be thinking on the short side. Cycle Indicators  have moved into a region where short term cyclical lows often form. Initial odds faveour continued upside in today earlier trading. Buy the break of yesterday's 1589.0 high with a stop just below the 1581.4 level of the Daily Pivot. Price strength above the DP may provide clues for earlier entry. The Momentum Pinball Sell signal, on the other hand, suggests we consider the short side if the first hour's low happens to be broken to the downside

TODAY LEVEL

RESISTANCE # 2…………. $1603.00
RESISTANCE # 1…………. $1599.00
PIVOT……………..……… .$1581.00
SUPPORT # 1……………....$1565.00
SUPPORT # 2……………....$1559.00

MCX

RESISTANCE # 2…………. INR 30450
RESISTANCE # 1…………. INR 30250
PIVOT………………..…… .INR 29990
SUPPORT # 1……………....INR 29810
SUPPORT # 2……………....INR 29540

TRADE ALERAT : SELL GOLD $ 1587 TGT $ 1569 $ 1552 SL $ 1603
                               SELL SILVER $ 27.55-65 TGT $ 26.20 $ 25.10 SL $ 28.50

Happy Trading

Rahul Kumar
Gold Analysist (Spot & Future)

Call me : 969-0022-884

WEEKLY ANALYSIS START FROM 25TH JUNE

As analyzed for gold on Friday, next week may still begin with a recovery. But the first slight short-positions can be gone in immediately at the silver opening. At opening I’ll go short with 100oz silver CFDs – daily position - SL 28.40 MIT. A daily close above 27.17 on Monday is supposed to/might max. lead to a kiss of death at 27.90 by the middle of the week. These marks are other entry points for further short-engagements. Please don’t expect that subsequently the 26.11 will fall definitely in the first go, apart from the overnight trading, here 25 might be possible at once or even 23.50 – also as early as on Monday! Not before a dayly close below 25.60 beneath the weekly support Gann Angle that will pass at 25.70 next week the actual weekly sell-signal will be definitely confirmed because thereby the monthly support is expected to be broken as well. The risk/reward ratio for shorts is extremely good!! 


Happy trading

Rahul kumar