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............................. $1695
Happy trading
Rahul Kumar
Gold Specialist
Write me : comexgoldfuture@yahoo.com
The money-printing contest of the central banks is opened. On Thursday Fed chairman Bernanke announced the unlimited stimulus program – QE3 – after the EZB president Draghi had done the same. The perspective to the actually unlimited liquidity is going to make the investors worldwide take refuge still more in tangible assets like stock shares and commodities.
FUNDAMENTALLY
Ofcourse no need to explain much more ......Its a positive envoirment ......dont wait... buy some physical Gold on every dip. Market its ready to make new high in next 2-3 month. I personnely bought some physical Gold last two weeks closing price ($ 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
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