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
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
No comments:
Post a Comment