December, 5, 2011 (
03:00pm ) :-
All markets including stocks & Commodities are moving towards upward
direction on the strong cues comes on the expiring today.
Little bit
Volatile comes over the settlement in MCX today. Gold & Silver
contracts are expiring today.
Dow Jones
Industrial average future up by80 points from the optimism coming
from the European Countries.
All European
Countries getting financial aid from the side of IMF which is
provided through the European Central Bank.
Nifty have strong
resistance at 5150 levels under this level short term
trend still bearish side.
Gold have strong
support at Rs 28960 above this trend bullish under this trend down
for short term.
November, 30, 2011 ( 04 :30pm ) :-
Gold looking down
due to the settlement period on 4 Dec 2011 % major is the demand
looking very low.
Indian wedding
season going to be end at 10 December 2011 till 12 January 2011. The
demand of jewelers to be declaimed little bit demand owners from USA
& Europe on the Christmas season.
Silver also
looking down due to the unexpected GDP decreases from their high's.
Industrial & manufacturing still showing reassign marks.
Imports also
going down from BRIC countries.
We are looking
more down side in Bullion.
November, 29, 2011 ( 03:30pm )
:- Gold looking week due to the settlement provide in MCX.
Today, Gold trading near their
100 day moving average of Rs 28,600 still above Rs 28,600 gold trend
supportive for upside.
Silver was also trend looking
weak due to the settlement period in MCX. Silver looking down under
RS 56,500 for a target Rs 54,600 - 53,200 in next few days.
Today Gold & Silver technical
charts showing weakness by which we are expecting Gold may be drops
to Rs 28,500 - 28,340.
USA consumer confidence data's
are releasing today & strong expectation of huge recovery in data's
which are directly pressurize Silver & Gold in the downside levels.
So, Let's see the data tonight.
November 28, 2011 ( 02:00pm) :-
Today, Nifty & Sensex open 1% up in morning session due to the
latest new updates come from European next meeting for providing the
financial aid to the Italy & other nations.
Silver & Gold also opens higher
on the optimum created on whole Europe on Sunday rumors of financial
aid provided by IMF to the Italy.
Big
Investors still buying the
Gold from the spot market for a safe heaven of their Investment.
Stock markets also corrected 10%
from past 1 month due to the investors still getting down grading
reports from Moody's for Japan & other European countries.
Over all Gold & Silver is
totally technically bullish Rs 28,200 in Gold & Rs 55,400 In Silver.
November, 17, 2011 (02:30pm) :- Due
to the growing European crisis investors seeking the safe heaven
again.
Protesters rallies in USA also
effecting the confidence instrument that's why huge money
transferred from stocks to Gold From last 20 - 40 days.
Investors bought 10,000 kg approx,
Gold yesterday for a safe heaven investment.
Gold have b more power to go upside
up to $ 2000.
Gold have strong support at 28,760
level above this Gold trend totally bullish for target Rs 29000 -
29400.
If breaks Rs 28,780, then trend
totally down Rs 28,560, 24380
Large Surge In Gold & Silver Prices This Week, Bullion : Gold & Silver Breaks Their Resistance Level Like Gold Breaks $ 1144 & Silver Breaks Their Resistance Level Of $ 18.12.
Before The Interest Meet Result Of Bank Of England & European Central Bank , Various Gold Funds Mangers Interested In Buying gold For Safe Heaven Until The Greece Matter Not Over.
Greece Needs Around 20 - 25 Billion Euro To Cover Their Financial Deficit & Greece Also Took Many Steps To Cover Or Decreasing their Financial Deficit By Imposing More taxes.
On The Latest Issues Like Greece Bail Out, US-Russia Partnership On Decreasing their Nuclear Weapon & both Countries Warned Iran To Stop their Nuclear Program Are Giving More Interest In Gold & Silver As Investment.
If Gold Able To Trade Above $ 1162 , Then We Look Prices to hit $ 1176 - 1190 Till All Tension Over & If Silver Able to trade Above $ 18.12 In Comex Then We For See Silver Prices at $ 18.60 - 18.84.
Unless Prices Moves In A Range Of $ 1120 - 1160 For Gold & for Silver it Moves In Range Of $ 17.40 - 18.12.
www.Bullionguru.com
Gold Prices Face Technically Selling Pressure Under $ 1140 & $ 1120 in Comex & Rs 17000 in Mcx Due To Hedging Made By The Bullion Importers & Jewellers Due To Lower Consumer Demand From Year -to - Year.
According to Recent Datas "Physical delivery of gold in settlement of contracts, a key indicator of genuine hedging, rose to 2.7 tonnes in February, compared with 0.348 tonnes a year ago, data from the MCX, India's largest commodity exchange for bullion, showed".
But Gold Holds Their Support Level At $ 1097 to $ 1102. Trend Looking Still Support For Gold for Upside But Pressurize Due To Selling by Hedgers . Gold Prices Unable To Sustain Above $ 1140 Levels Or Above Rs 17000 in Mcx.
If Gold Breaks Their Support Of $ 1097 then We For See Gold Prices Up to $ 1080 - 1064 - 1042 & For Silver If It Breaks $ 16.96 then We For See Prices $16.60 - 16.30 - 15.90 in short term & Unless Over All Trends still Supportive & Bullish.
But In India, Indian Meteorological Department Expects a Better Rainfall In This Monsoon. If Monsoon Gives Better & Good Rainfall Then they also gives Support For Gold & Silver Prices For Upside Trend.http://www.bullionguru.com/goldsilvertrends.html
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)
