TRADE FOR THE WEEK

GOLD COMEX TECHNICAL VIEW

Last Friday after the stronger than expected U S Job report number broke the April gold down weekly support $ 1252.50 and flushed all the way to 1228 rapidly, that was too much to soon.

In this flashy movement gold leave a gap between 1252-1257 range, and according to me this gap should be fill up before a new downtrend start.

I am a buyer in yellow metal at this range and below 1222/27.  My target at least 1260 and more till 1273 for this and next week.

To get full report of this movement with technical analyze chart write me bestech30@gmail.com, I am happy to help you.

TRADE LEVEL
R2 1275
R1 1253
P 1236
S1 1227
S2 1217
SILVER : EXPECTING BASE SUPPORT 16.56-16.43 AND BELOW THIS 16.18 UPPER LEVEL 17.38-17.60

Happy trading

Rahul Kumar
Bullion expert
HFBC
+91 8193003476
 

GOLD TREND FOR THE WEEK STARTING 02 FEB 2015

GOLD COMEX SETTLED $ 1279.20

If you are getting my daily and weekly trades, you must be on the top on the market and enjoying trading just being with....but I am not a free service so every one can't catch me. 

Now I have decide to posting my daily   trades level on every morning..one can also follow me :

Twitter  : @hbfc3476
or write me direct to get yr inbox bestech30@gmail.com

TECHNICALLY I am nor bullish neither bearish for short term period.  Yellow metals moving a very good range of trading and respecting properly support/resistence. 

My weekly and monthly support at 1243.60 and a strong yearly resistence at 1321.50.

I am expecting to check my resistence level ( 1307-1319) between or before ending this week.

CRUDE OIL sparking high on last Friday just becasue a romur in market that new SAUDIARBIA king intent to cut oil production.. This spiky move can be a good opportunity to short or buy some lower put which have very less premium now.


WEEKLY LEVEL

RESISTENCE 2 : 1323
RRSISTENCE 1 : 1293
PIVOT : 1272
SUPPORT 1 : 1259
SUPPORT 2 : 1244

Monday trade recommendation to buy at lower level ..my target 1290-93.

Happy trading

Rahul Kumar
Bullion expert

+91 8193003476