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
Join my trading room for full day trading (INTRADAY ONLY) 8193003476
Email me bestech30@gmail.com




 

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
(+91) 8193003476
email me : bestech30@gmail.com