GOLD TREND FOR THE WEEK STARTING 22 DEC 2014

GOLD COMEX SETTLED $ 1196

Gold price rallied as high as 1239.60 last week before setting down.  As per my last recommendation, entered in mkt short side @ 1231.40 with stop price 1244 and expecting move down $ 60-70 for year ending or early in Jan trade.

Ist, I am intrested to see, how the gold ETF trade at the end of year 2014.  I  am expecting a sell off in ETF trading for tax purposes and causes  a sell off in future market.

IInd Rumors of Russia having to sell some of their gold reserves and the rumors has not been verified yet.

IIIrd, The crudeoil price, I don't think, it will stablize near future, lower price ahead in the market may be below $ 50 till Jan 1st  or 2nd week.
WEEKLY LEVELS

R2 1228
R1 1215
P 1204
S1 1185
S2'1172

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Rahul Kumar
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HFBC

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GOLD COMEX TREND FOR THE WEEK STARTING 08 DEC 2014

Gold comex settled $ 1190.40 on Dec 05th up by $ 15 last week closing.

Last week on Monday yellow metal tested our weekly support $ 1141.40 and sharply recovered becasue of shortcovering by big traders and produced new high tic $ 1220.40 before closing.

However the downtrend is still intact in my openion.  I am advising to positional traders sit side line for some time and look for a better mkt chart stracture.

Technically now yellow metal should stay in a consolidation faze for some time and later on start the new leg down towards our projection $ 1122-1100  till the end of Feb expiry or later on.

Weekly level

R2: 1216
R1: 1205
WP: 1192
S1: 1182
S2:1173

RECOMMENDATION

MARKET DEVLOPING POSITIONAL CALL NOW WAITING FOR ENTRY
ALSO EXPECTING FULL OF INTRADAY TRADES THIS WEEK...
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Rahul Kumar
Bullion expert
HFBC



 

GOLD TREND FOR THE WEEK STARTING 01 DEC 2014

Gold comex settled down last week $ 1175.5
As per technically gold not sustain above monthly resistence 1208 and faced a strong $ 30 sell off last day of trading on Nov

Again on Sunday evening a opposed voting against Swissreferendum send the yellow metal suchss down $ 1141 early trade on Monday (1st trading day of Dec 2014), and expecting more pressure on yellow metal this week. 

I m expecting now my yearly target for the year 2014 ($ 1100-1120) any time of this week and waiting a close below 1116-20 for a further positional opportunity.

CRUDEOIL

This commodity also faced a continue down trend $ 10 after OPEC decided to no cut in production.  Crude seems a support near $ 64 and than 62.40 and resistence at 67 than 69.50.

I m side line in crude and waiting a pull back 68-69 range to sell again for a target $ 58.50.

WEEKLY LEVEL FOR GOLD
R2 $1192
R1$ 1179
P$ 1167
S1 1142
S2 1124

RECOMMENDATION
WAITING A PULL BACK FOR SELLING OPPORTUNITY WITH A STOP 1184

Happy trading

Rahul Kumar
Bullion expert
HFBC

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GOLD TREND FOR THE WEEK STARTING 17 NOV 2014

GOLD COMEX SETTLED 1185.60 WITH A WEEKLY GAIN OF $ 14.50 after a six week down trend.

As per my last week prediction gold move exactly according to my analysis and by the grace of GOD me and my subscribers succeed to got $ 33 out of a complete rally of $ 50 (1150-1190).

Now my Ist projected target completly hited $ 1185 and obviously I m looking for my IInd target 1198-1205 untill or before 25 Nov 2014.  According to charts and patterns yellow metal seems to test $ 1198-1200 till the Tuesday and than consolidate between a range of 1175-1205 for 1-2 weeks.

Overall I m expect this year target for gold 1120 and looking for a selling opportunity after completion of my IInd projected target.

My levels for the week
R2 : 1211
R1 : 1198
P   : 1175
S1 : 1158
S2 : 1140
recommendation : Expecting this week full of intraday trading ...dont stuck any overnight position untill mkt not showing a sufficient closing.

Happy trading

Rahul Kumar
Bullion expert
HFBC
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GOLD TREND FOR THE WEEK STARTING 10 NOV 2014

Gold comex settled 1169.80, near the last week low.  Precious metals recover after a $ 100 (my most of clients success to got $ 60-70 on this downtrend really) straight down fall on Friday after US non farm payroll data which is slightly pressure the USD.

Now I have projection number up to 1200-1210 level as I wrote in my last week update, and silver projection up to $ 16.80-17 untill close above $ 15.

We have on the weekly chart are all good signs of a short term retracement for 2 to 4 weeks.
Note : I still think overall this mkt is in downtrend and should be sell off after my retracement level.

LEAVL FOR THE WEEK
R2: 1205
R1: 1186
P  : 1160
S1: 1147
S2: 1125
RECOMMENDATION :
COMEX : BUY 1155-57 STOP 1140 TP 1185 1198
MCX : GOLD BUY 25700-750 STOP 25500 TP 26290 26680

Happy trading

Rahul Kumar
Bullion expert
HFBC

This week I m interesting to add some commetted day traders in my inner circle..
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GOLD TREND FOR THE WEEK STARTING 03 NOV 2014

GOLD COMEX SETTLED $ 1171.60

Gold comex finally closed below the three years bottam line support after March 2010.
For those who following me its cheer-up time, I have been recommending short yellow metal at top of last week.

Now that we have closed under 1180 level we may see a new trading level devlopment in precisous metal trading.

After study from Mar 2104, whn gold start recent down trend (1325)  level , I got a conclusion that,  yellow metal have a very good support level between 1144-1155 (I could not narrow this range more than that) and my openion says It should pull back at these level for 1195-1200 , where first risistence laying at 1207-1209 level.

I expect the above equation bottam till Tuesday and start a relief rally  till this week end.
NOTE : OVERALL MY TGT FOR GOLD 1115-20 FOR THE YRAR ENDING 2014..


LEVEL FOR THE WEEK
R2 1206
R1 1196
P 1174
S1 1156
S2 1144

HAPPY TRADING

RAHUL KUMAR
BULLION EXPERT
HFBC
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GOLD TREND FOR THE WEEK STARTING 27 OCT 2014

Last week gold comex settled $ 1231.80 (GCZ14)
As I expect and wrote in last week report the gold future slightly down after made high 1255.30 (near my up side target) and settled 1231.80 at late night on Friday trading.

I m remain short in GCZ14 for target 1222  and 1205 for this week.  In MCX Dec contract holding sell position from 27470 and expected 26750 this week if USDINR stay in range ....

WEEKLY LEVEL
R2: 1262
R1: 1244
P  : 1235
S1: 1222
S2: 1207

TRADE RECOMMENDATION
COMEX FUTURE CAN SELL 1239-41 STOP 1263.40 TP 1205
MCX FUTURE CAN SELL 27280-300 STOP 26525 TP 27000 26700

TRADING IN FUTURE IS VERY RISKY..MAINTAIN STOP LOSS AND TRADE MINI

happy trading

Rahul Kumar
HFBC
Bullion Expert
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GOLD TREND FOR THE WEEK STARTING 13 OCT 2013

Gold comex settled $ 1221.70 (GCZ14)

Gold trading last week between range 1233-1181, made second test of Oct 2011 low and supporting exact level to succeeded weekly close above 1220. 

Fundamantly a continue down fall in crude oil also suggest a nearby down trend in stock market, that could be a opportunity for presious metals buyer for very short terms.

But overall gold also confirm a third test of 1180-82 range and it seems very soon in near future.  Now technically gold bounce up to 1240 level and if stay above 1243-44 for some time can test 1262-1268 range. Now a festival and marriage seasons of India also pull the seasonal demand for presious metal. I am expecting gold bounce up to 1260-68 range and silver $ 18.88- 19 with support $ 16.65.  Here a deadline for bulls seems at least for next 12-16 weeks continue.

My target for bears 1155-1120 and intrested to short at or near 1240 and also writing some call option if market head up to 1262-65 range.

GOLD MCX EXPECTING TARGET 27350-500 FOR THIS LEG BEFORE ANY DOWNTREND START.
For exact Intraday trade in GOLD SILVER COMEX/MCX any one can join my trading room free of cost for one week...at vatshaap +91 8193003476
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Note : Remember the future market is very large for contract size...use mini or option to minimize your risk.

Happy trading

Rahul Kumar
CTeA
HFBC
Bullion expert

GOLD TREND FOR THE WEEK STARTING 21 SEP 2014

GOLD COMEX DEC FUTURE SETTLED DOWN $ 1216.60 LAST WEEK.

As expected gold continues down since break major support $ 1244 and tested below $ 1220 on weekend.

Now is the time to keep  all logic out of the window and watch
..how the market react between 1183-1222 area and silver $ 16.90-$ 17.55.  The above mention range of presipus metals may became supportive for presipus metals and send back it to again above $ 1255 and $ 18.33 ( I expect Tuesday is the dead line for weekness and we may see a short covering towards higher high.)

Note : I m not recommending any position at this level [$1214, $ 17.47]..
I m intrested to buy on strength or near support and selling on weekness.

Prefer only intraday trades at least 09 more days [till the Oct expiry, after Sep month closing surely I will go for some serious long short to mid term trades..keep watch).

LEAVEL TO WATCH
Down side
$ 1207
$ 1187
Up side
$ 1227
$ 1244
pivot $ 1219
MCX
Monday
Expected upper movement only staying above 26500
lower support 26200
$
happy trading
Rahul Kumar
CTeA
Bullion expert
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GOLD TREND FOR THE WEEK STARTING 15 SEP 2014

Gold comex Dec future GCZ14 settled down $ 1231.50

TECHNICAL
GOLD SHORT TERM SUPPORT 1208-1220 AND RESISTENCE 1244-45
weekly swing movement expected below :
Monday to Tuesday : up side 1242 ..lower side 1214
Sell on higher 1238-40 SL 1247
closed below 1220..open door for 1180-85.

Wednesday after Fed annoucment if direct hit below 1210 than wait to enter buy arround 1185 with SL 1169 Closing.  A close below 1180 can send yellow metal in 6-8 week bear zone.

Any move above 1244 can approch 1268-75 here again a sell opportunity develop as the bullion grip in sellers.

ANY CLOSE ABOVE 1272 OF SEP EXPIRY MAY REVERSAL IN TREND.

Trade as per levels above

Comex market is too large in contract size so use mini contract to trade.

Happy trading
Rahul Kumar
Bullion expert
CTeA
HFBC
whatsaap +91 819-300-3476
Write me bestech30@gmail.com


 

GOLD TREBD FOR THE WEEK STARTING 01 SEP 2014

Last week gold settled $ 1287.40

As I indicate last weekly update, The yellow market movement now days more concerning fundamentally  news insted of technical just because of geopolitical de-esolation.  Russia has now made a very significant move by sending more tanks and armed in Ukraine, EVIDENCE AND HINT ARE SOLIDIFYING THAT RUSSIA IS STANDING IN UKRAINE ALREADY..which seems a upside bias for yellow metal as a safe haven assets for near term.

From the Europe side, leaders now given Putin one week to pull back or they ready to commericial isolation of the Russia economy.

So with help of the swings and reaction shown by precious metals ( to all the geopolitical problems of this world) remain in long side bias with a safe haven buying continue in the metals.

MY LEVEL FOR GCZ14
R2 : $ 1306
R1 : $ 1294
P.  : $ 1283
S1 : $ 1274
S2 : $ 1260
RECOMMENDATION :
Buy $ 1275-1272 (dip) with stop $1260
Or Buy closing above $ 1293 with stop order $ 1280 keeping target $ 1312 $ 1327

MCX LEVEL FOR DEC CONTRACT

R2 : 28285
R1 : 28060
P . : 27855
S1 : 27740
S2 : 27510

Recommendations:
Buy 27755 stop 27640 or buy above closing 28120 keep target 28260 28450

happy trading

Rahul Kumar
Bullion expert
HFBC
INTRADAY TRADE MAY BE DIFFER

USE STOP TO BE ALIVE FOR NEXT DAY NEXT OPPORTUNITY..
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GOLD TREND FOR THE WEEK STARTING 25 AUG 2014

GOLD COMEX FOR DEC DELIVERY SETTLED LAST WEEK $ 1275.40

Beside of all technical indicator, which show me ABOSOLUTELY correct term, I am intrested to buy yellow metal on a little dip (see trade recommendation). 

As this week also option expiry on Wednesday and SEP month delivery for silver contract I expect a short covering upward movement in precious metal for price re-testing $ 1293-1300 this week.  Any close above $ 1306 decide next movement for CHANGE-IN-TREND down to up for a short term period at least 4-6 week.

OTHER SIDE any close below $ 1260 indicate price bias down towards lower low of 2013.. ($1180).

Weekly level for COMEX
R2 - $ 1306
R1 - $ 1290
P   - $ 1272
S1 - $ 1260
S2 - $ 1242
Recommendation : Buy arround $ 1267-70 SL below $ 1260 closing base for tgt $ 1294 $1302

MCX LEVEL
R2 - 28200
R1 - 27955
P . - 27800
S1 - 27640
S2 - 27500

TRADE RECOMMENDATION : Buy arround 27640-625 SL 27500 TGT 27940...Or buy above 27960 for tgt 28190-28390

INTRADAY TRADE MAY BE DIFFER

REMEMBER : USE ALWAYS STOP LOSS..TO BE ALIVE FOR NEXT DAY NEXT OPPORTUNITY

Happy trading

Rahul Kumar
CTeA
HFBC
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GOLD TREND FOR THE WEEK STARTING FROM 18 AUG 2014

GOLD COMEX DEC SETTLED $ 1306.20
Last week on friday gold drop down below 50 DMA to 1293..but after news of Ukraine rebound back 1306 before closing.  The gold market has been in a range between 1280-1320 since JUN .  If we look at the silver market fall but did not recovered with Yellow metal...look to sell gold for a re-test of friday low 1293 and may be down towards 1275-82 . As of now 1320-25 become a very powerfull resistence. 
RECOMMENDATION : SELL ON RALLY..1305-1311 KEEPING SL 1325.60 FOR A TGT 1282

WEEKLY LEVEL

RESISTENCE 2 : 1337
RESISTANCE 1 : 1325
PIVOT. . . . . . .  : 1307
SUPPORT 1 : 1291
SUPPORT 2 : 1276
MCX
R2: 28930
R1: 28770
PI : 28475
S1: 28200
S2: 27950
RECOMMENDATION
SELL ON RALLY..KEEPING TGT 28100-27950
INTRADAY TRADE MAY BE DIFFER...

Happy trading

Rahul Kumar
Bullion expert
Future trade
Join my trading room strictly for intraday trading..where we do trade in gold,silver,crude nd copper MCX/COMEX
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GOLD TREND FOR THE WEEK STARTING FROM 14 JUL 2014

GOLD COMEX SETTLED $ 1337.60
Last week yellow metals settle with gain..continoue 4th week.  My analysz says the precious metal continue produce a buy signal with super trend UP.  I am long gold @$ 1317, those following my recommendations can wait for further target this week 1362-1372.  The main resistance is now $ 1340 closing base. Above $ 1340,  I am expecting 1362-1372 level could face major obstacle and change trend for short term towards $ 1320-25 again.

CONCLUSION:  Any closing above $ 1340 activate target $ 1362-1372..and further closing above $ 1372 activate final target $ 1430 ( not expecting  in Aug contract)
DOWN : Expecting a new down trend for short term period after achieving target $ 1362-72 till $ 1320-25.

SILVER: Expecting trading range between $ 21.10- $ 22.40  ..continue long $ 21.07...position hold


WEEKLY SUPPORT AND RESISTANCE

RES 2 : $ 1372
RES 1 : $ 1352
PIVOT : $ 1329
SUPPORT 1 : $ 1319
SUPPORT 2 : $ 1302

RECOMMENDATIONS
GOLD
BUY $ 1331-32 SL  $ 1319 TGT $ 1365
BUY CLOSING ABOVE $ 1340 SL  $ 1328 TGT $ 1370
SILVER
BUY ON DIP $ 21.25-21.20 SL $ 21 TGT $ 21.75 $ 22.40

NOTE : My trade prefer mini contract for GC $ 33 Oz
 SI 1000 Oz because comex contract very large in size and any negative move can through out you from the market.  Remember always there is a next day always..be alive for that.

Thanks and regards

Rahul Kumar
CTeA
Bullion expert

Join my trading room for day trading on very low risk and trade entire day as a professional trader.

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