GOLD COMEX SETTLED $ 1341.70 (GCZ16)
Last week gold traded between a range 1310-1348 and showing little bullishness only after FED unchanged rate decision on Sep meetings. Overall market still facing the consolidation between range and not given any breakout as traders expected.
My view still same as market is in bullish consolidation and may test the monthly support before any upward breakout laying at 1298-1305.
I am very much interested to buy gold only below 1310 and silver @ 18.90 for a year end target 1400-1420 but not recommended future contract instead of the option covered call strategy more benefited at that time.
The levels for trading :
R2 : 1358
R1 : 1346
P : 1330
S1 : 1316
S2 : 1302
for MCX trading contact : 8193003476
Rahul Kumar
Bullion Expert
HFBC
write me : bestech30@gmail.com
Last week gold traded between a range 1310-1348 and showing little bullishness only after FED unchanged rate decision on Sep meetings. Overall market still facing the consolidation between range and not given any breakout as traders expected.
My view still same as market is in bullish consolidation and may test the monthly support before any upward breakout laying at 1298-1305.
I am very much interested to buy gold only below 1310 and silver @ 18.90 for a year end target 1400-1420 but not recommended future contract instead of the option covered call strategy more benefited at that time.
The levels for trading :
R2 : 1358
R1 : 1346
P : 1330
S1 : 1316
S2 : 1302
for MCX trading contact : 8193003476
Rahul Kumar
Bullion Expert
HFBC
write me : bestech30@gmail.com
