GOLD TREND FOR MAY 16TH

NOTE : WE ARE OFFERING ONE MONTH TRAIL PACKAGE FOR
MCX/COMEX GOLD FUTURE  INTRADAY/POSITION TRADING
JUST INR 2000/-  Contact us for more details

GOLD SETTLE  LOWER $ 3.90 ( LTP $ 1557.10)

Gold Comex coverd a range $ 17.60  as traders and investors
alike are watching the chaos in Greece as the political uncertainty
continues to pressure the Euro currency as well as the region. 
Gold Future produced a new low $ 1546.80 since Dec 29 and
after that made high $ 1564 looks that trader d'ont like to
keep position overnight.

Technically as I pointed out earlier yellow metals now  approch
Dec 29 low ($ 1523.90) and Silver ( $26.15) could be the target
of this third wave down. A short covering can be seen hear and
$ 1545-$ 1550 will react near term pivot point.

TODAY NUMBERS

RESISTANCE # 2………………$1574.00
RESISTANCE # 1………………$1565.00
PIVOT………………………..…$1556.00
SUPPORT # 1…………………..$1548.00
SUPPORT # 2…………………..$1538.00
MCX

RESISTANCE # 2………………INR 28310
RESISTANCE # 1………………INR 28210
PIVOT………………………..…INR 28110
SUPPORT # 1…………………..INR 28010
SUPPORT # 2…………………..INR 27890

RECOMMENDATION : BUYER SHOULD WATCH LEVEL $ 1525 TO BUY WITH STRICT SL $ 1509 

Happy Trading

Rahul Kumar
Gold Analysist

Call me : 969-0022-884
Write me : comexgoldfuture@yahoo.com
Join me : http://hansrajconsualtant.tk