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

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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