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
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
Welcome Raju jee
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