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.
Very Important data release tonight USA Gross Domestic Product
looking stands at 2.50% as a expectation. Data is looking totally
positive side for bullions.
Silver have strong selling pressure
from last few days due to the continuously correction in the global
demand out look.
Stock market correction was also
pressure the Silver in MCX & Comex.
Big investors sold around 1,00,000 Kg approx. Silver as a profit booking & hold his cash as a safe
side.
We also seen at all base metals
breaks our resistance level hold continuous rally in MCX due to the
dollar upside momentum.
Over all market is very good for
trading due to the higher volality in the settlement periods next
week.
