Saturday, January 30, 2010

Technical Analysis On Gold For FEB

Gold charts Showing Weakness Under $ 1100, Its Hovering Around $ 1090 From Last 15 Days. But Now Gold charts Showing Weakness Under $ 1090. This type Volatility Continues Till 5  Feb Settlement. Various Fund Manager Also Waiting The Obama Policy On Banking . According CFTC Data , Many Commercials & Non - Commercial Traders Cover Their Long Positions In Comex.

The New Word " Gold Bubble " comes Into Focus In World Markets.

Gold Trend For Feb Depend On Levels, If Gold Not Able To Cross Under $ 1104 Then Trend Bearish  My Target $ 1082 - 1076 - 1062 - 1044 - 1032.
Above $ 1104 Levels Gold Trend Very strong My Target $ 1117 - 1138 - 1156. Gold Funds Managers Or Etf's Head Are Analyzing The Economic Situation but All Economic Factors Are In Favor For Booming Economy.

Bullionguru.com( India No.1 Web for free Bullion, Stocks , Crude , Nifty & Currencies Trends)

Friday, January 15, 2010

Predictions For 2010 By Bullionguru

Gold : Gold Prices Looking Positive In First Two Quarter Of  2010 Because Interest Rates Remains Low Till First Half Of Year 2010.Second Half Of 2010 Must Very Volatile We For See Strong Recovery In Dollar Index In 2010, Gold Could Make New High OF $ 1350 Oz in 2010 ,  If It Breaks $ 1240 oz in 2010 Or If It Breaks $ 960 Level Then Gold Trend Shifted To Down side For A Target Of $ 850 - 820. Unless It Is In Range Of $ 820 - $ 1250 Oz.
Silver Silver Prices Looking Positive In First Two Quarter Of 2010 Same As Gold. Silver Looking To Hit $ 20 - 21.30 - 22  in Upside Or If Silver Breaks $ 16.60 Then It Could Hits $ 14.80  - 12.60.
Copper : Copper Trend Looking Bullish In 2010 Rising Global Manufacturing Data + Industrial Production + Global GDP + Increase In Exports & Imports . Copper Prices Keep In To Rising Trend Copper will Hits Rs 400 - 440 Levels in Mcx. If It Crosses Rs 368 levels. Unless Remain In Range Of  Rs  260 - 400 Range.
Crude OilCrude Oil Trend Also Bullish In 2010 Because Iran Going To Make Atomic Bomb , Global Economic Recovery & Some International Political Tension . Crude Looking To Hit $ 100 & Above this Level In 2010 . Range Of Crude Oil $ 60 - 105 in 2010.
Nifty : Nifty Looking Very Positive In 2010. Nifty Will  hit At 6000 & Above 6000 in 2010. Range Of  Nifty Around 4000 - 6400 in  2010. There Will Be Sharp Corrections In 2010 Due To Rising Interest Rates But Recovery Would Very Strong.
GBP/USD : GBP Looking Bullish Against Dollar In 2010. Target For 2010  is  2.0000. As Increasing  Housing Demand & Robust Industrial Production Helps GBP/USD TO Make New Year Highs.
EURO/USD : EURO Looking not much Bullish Against Dollar In 2010. Target For 2010  is  1.8000. This is Possible If EURO/USD Crosses 1.6060 Level In Foreign Exchange Market.
 USD/JPY : Yen Looking Positive In 2010 Due to Stimulus Package by Japanese Government. Japanese Economy Recovers From Recession Second Half Of 2010 Should Be Crucial Two Japan's Economy . USD/JPY Looking To Hit 98 - 104 - 110 in 2010. Yen  Trades 80 - 110 Range in  2010.