GOLD COMEX SETTLED $ 1196
Gold price rallied as high as 1239.60 last week before setting down. As per my last recommendation, entered in mkt short side @ 1231.40 with stop price 1244 and expecting move down $ 60-70 for year ending or early in Jan trade.
Ist, I am intrested to see, how the gold ETF trade at the end of year 2014. I am expecting a sell off in ETF trading for tax purposes and causes a sell off in future market.
IInd Rumors of Russia having to sell some of their gold reserves and the rumors has not been verified yet.
IIIrd, The crudeoil price, I don't think, it will stablize near future, lower price ahead in the market may be below $ 50 till Jan 1st or 2nd week.
WEEKLY LEVELS
R2 1228
R1 1215
P 1204
S1 1185
S2'1172
Join my trading room for trading in precious matals intraday for a wealthy year end movement.
happy trading
Rahul Kumar
Bullion expert
HFBC
+91 8193003476
bestech30@gmail.com
Gold price rallied as high as 1239.60 last week before setting down. As per my last recommendation, entered in mkt short side @ 1231.40 with stop price 1244 and expecting move down $ 60-70 for year ending or early in Jan trade.
Ist, I am intrested to see, how the gold ETF trade at the end of year 2014. I am expecting a sell off in ETF trading for tax purposes and causes a sell off in future market.
IInd Rumors of Russia having to sell some of their gold reserves and the rumors has not been verified yet.
IIIrd, The crudeoil price, I don't think, it will stablize near future, lower price ahead in the market may be below $ 50 till Jan 1st or 2nd week.
WEEKLY LEVELS
R2 1228
R1 1215
P 1204
S1 1185
S2'1172
Join my trading room for trading in precious matals intraday for a wealthy year end movement.
happy trading
Rahul Kumar
Bullion expert
HFBC
+91 8193003476
bestech30@gmail.com
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