Thursday, October 31, 2013

Gold Analysis

Gold Analysis October 31,2013  Trend is Neutral to negative

Gold showed high volitilty yesterday printing lower highs and lower lows. We went short at 1355 yesterday. We updated via twitter to book profit when the price was at 1338.00. Yesterday we discused that price of gold may remain consolidated. We are holding our views for today too.
The Federal Open Market Committee announced“The Committee sees the improvement in economic activity and labor market conditions since it began its asset purchase program as consistent with growing underlying strength in the broader economy. However, the Committee decided to await more evidence that progress will be sustained before adjusting the pace of its purchases. Accordingly, the Committee decided to continue purchasing additional agency mortgage-backed securities at a pace of $40 billion per month and longer-term Treasury securities at a pace of $45 billion per month” .
Technical indicators are not signalling a clear view. On the daily time frame Price of gold failed to close above the Ichimoku clouds MA-20 stands at 1315.81 which will act as a resistance in case of any downward move. MA-5 stands at 1343.96 which attract fresh selling incase of higher prices. Current pattern suggests that bulls are fading.
Support            1330.00 1325.00 1315.00 1307.00 1302.00
Resistance        1346.00 1350.00 1360.00 1.367.00 1375.00

Gold Analysis

Based on the above description we suggest buying gold gold at 1321.00 keeping stop loss at 1310.

Monday, October 28, 2013

Gold Analysis

Gold Analysis October 28, 2013

Economic data of the world’s largest economy showed weakness, US dollar lost his value disappointing the traders. Price of gold traded as low as 1336.53, After the report of University of Michigan about its consumer sentiment index (which was declined to 73.2 from 75.2) and the Commerce Department’s report for core durable goods orders (which was decreased %0.1), price of moved higher and closed at 1351.54 on Friday.

Support               1345.00    1342.00    1336.00    1330.00    1326.00
Resistance           1355.00    1363.00    1372.00    1378.00    1382.00

Gold Analysis

 MACD and the RSI are on a rising trend, supporting the positive view We suggest read more

Thursday, October 24, 2013


Gold Analysis October 24, 2013

Price of gold showed neutral to negative movement yesterday. We missed our long entry by few cents only. We have internet connectivity issues so today there is very short description.
50-DMA (stands at 1344) may provide minor resistance in upward way towards 1364.

Support                1330.00 1325.00 1315.00 1310.00 1302.00
Resistance           1345.00 1350.00 1360.00 1367.00 1375.00

Gold Analysis

We suggest selling one lot at 1348 keeping stop loss at 1358. Target is 1328

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Wednesday, October 23, 2013

Gold Analysis

Gold Analysis October 23, 2013

Gold has closed above the 100-DMA, Gold printed a higher high and higher low which indicates further upside. 50-DMA (stands at 1344) may provide minor resistance in upward way towards 1364. The RSI and MACD are supporting positive view.
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Tuesday, October 22, 2013

abcd

new testing

Monday, October 21, 2013

Gold Analysis

Price of gold showed positivity during last week. However we believe that longer-term player will come in once the price of gold reaches above the 1350 level. Consolidation may continue as the news relating FED will affect the trader’s behaviour.
click here for more detailed description

Wednesday, October 16, 2013

GOLD,Silver ,OIl

we are on holidays for today and tomorrow

Tuesday, October 15, 2013

Gold Analysis

Gold Analysis October 15, 2013

News relating improvement in resolving the U.S. budget issue, increased American dollar value. Democrats and Republicans are near a deal to end partial government shut down and suspend the debt ceiling through February 2014. It is a fact that they will solve this issue as no party wants to destroy the economy of their own country. The main issues are term and conditions which will play main role in the future of US people and government.
If stocks gain more value, safe haven demand will be less.

Monday, October 14, 2013

Update Gold 14 October 2013

we went short at 1283, we cleared our short at 1272.20.
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Gold Analysis

Gold Analysis October 14, 2013 
updated plz visit 
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Friday, October 11, 2013

Gold Analysis: Gold Analysis

Gold Analysis: Gold Analysis: Gold Analysis October 11, 2013 RSI and the Stochastic Oscillator are supporting lower prices movement but it needs confirmation. Break...

Gold Analysis

Gold Analysis October 11, 2013

RSI and the Stochastic Oscillator are supporting lower prices movement but it needs confirmation. Break below 1272 will lead lower prices next week

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Thursday, October 10, 2013

Gold Analysis

Gold Analysis October 10, 2013

Price of gold broke the tight range of 1300-1330 but was unable to stay below this range. Price of gold made a low 1294.80 and quickly bounced back,  Price of gold closed lower than opening yesterday.
We are hopeful that Democrats and Republicans will resolve the budget crisis in a decent way to increase the debt ceiling before the deadline.(last time issue was resolved in last few mints and Price of Gold fell from 1920 and is still falling).
So far there is no significant breakthrough but high-level meetings are keeping hopes alive. Honestly, I don’t think that U.S. lawmakers will be stubborn enough to destroy their nation’s economy and reputation.
Minutes from the U.S. Federal Reserve’s September 17-18 policy meeting improved US dollar. Most members of Federal Open Market Committee welcomed the decision of reduction in bond purchasing this year. According to the records, “Most participants viewed their economic projections as broadly consistent with a slowing in the pace of the committee’s purchases of longer-term securities this year and the completion of the program in mid-2014”.
Fibonacci 23.6% level from 1795.75 to 1180.21 stands at 1,325.47. Price of gold is trading below this level. 4-hour time frame shows that price of gold is trading below the Ichimoku cloud.  RSI and the MACD have taken a downturn, supporting a negative view. 14-DMA stands at 1318 which will resist in upward movement
Support              1300.00  1291.00  1280.00  1267.00
Resistance        1308.00  1312.00  1318.00  1333.00

Gold Analysis

we suggest selling gold one lot at 1312 keeping stop loss at 1327. or buying gold at 1391 one lot keeping stop loss at 1381.

Wednesday, October 9, 2013

Gold Analysis

+Gold analysis

Gold Analysis October 9, 2013

Trading Volume is low as traders may enter after FOMC minutes. Last time FOMC disappointed traders.US government shut down is a political drama. Its final episode will be released soon.
Support          1308.00 1302.00 1297.00 1292.00 1283.00
Resistance     1318.00 1325.00 1333.00 1345.00 1352.00

Gold Analysis

Our long trade @ 1312 is active stop loss is 1297.00.
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