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
Join my trading room for intraday trading...where I trade all the day with minimum stop loss ...
Whatsaap +91 819-3003-476
Write me bestech30@gmail.com

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
or write me bestech30@gmail.com

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