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

JOIN MY TRADING ROOM FOR INTRADAY TRADING IN GOLD SILVER COPPER CRUDE AT vatsaap +91 8193003476

or write me bestech30@gmail.com




 

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
write me : bestech30@gmail.com
Vatsaap me : +91 819-3003-476

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..
vatsaap : +91 8193003476
write : bestech30@gmail.com

 

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
join my trading room for Intraday trading
vatsaap +91 8193003476
write me bestech30@gmail.com