Money drives out from gold funds

From last few weeks, Money from major Gold Funds Are Continuously drive out due to higher profits in equity & better results in U.S markets. American markets are best drives by the strong performance given by the financial banks in their quarterly results.

Dow Jones also providing good support to te economy by crossing 9000 mark. That’s showing the hilarious marks on global economy removing by occurring housing demand in U.S.

Traders & investor also have lack instrest in gold market, now they starting investing major equity funds or directly in the stock market.

If comes Gold do not cross level of $960, then we for see Gold prices to $920 to $860 levels in late July or August or more downside.

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Gold Moving To Southwards Trend

As per we all saw that, Gold Made a high of $990 in beginning of June Month & Continuously corrected to $927 as on 17 Jun 2009. According to my trends theory, If Gold unable to break $940-960 levels, then we for see Gold prices in Comex , Nymex trades at $900-860-820-760 & In Mcx Trades at 13500 – 12800 – 12000 – 11000 in next three months. After June wedding reason is over in India for next three month .But in September jewellery Wholesalers & retailers can add more Gold in their inventory in down prices for their year end festival sales.

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COPPER IS ON BACK FOOT

After making 6 months high of Rs 258, According to my previous target, Copper continuously witness of profit booking & technical selling. But according to the latest World economic data of Unemployment , we PROPOSED our copper target in MCX of Rs 222 – 210 for next three months. Copper maintains supports zone in Mcx at Rs 206 zone. But In Lme ,Copper maintain crucial Levels of 1.720 – 1.750 & then target 1.880 – 2.011 for next three month. www.bullionguru.com

DOW JONES LOOKING TO GO BACK

DOW JONES INDUSTRIAL INDEX HOVERING NEAR 8800 LEVELS, TECHNICAL CHARTS OF DOW – JONES INDUSTRIAL SHOWING THAT DOW FACES STRONG RESISTANCE AT 8800 – 9000 LEVEL. THESE LEVELS NOT LOOKING TO CROSS BY DOW ,IF WE SEE THE ECONOMIC CONDITION OF GLOBAL ECONOMY.

THEN WE FOR SEE DOW – JONES TRADES DOWNWARD TREND HITS 8400 – 8200 – 7800 – 7400 - 7200 IN NEAR FUTURE TRADES.

BUT IF DOW JONES CROSSES THIS LEVEL THEN WE FOR SEE 9400 – 9600 – 9800 FOR MAXIMUM UPSIDE.

GLOBAL ECONOMY REVIVES OR NOT , BUT ACCORDING TO THE TECHNICAL TRENDS DOW HITS 7800 – 7400 ONE TIME IN THEIR FUTURE TRADES.

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INDIAN FESTIVE SEASON A HEAD

Bullionguru Views (Sep) : WE ALL KNOW THAT INDIAN FESTIVE SEASON IS
AHEAD. FESTIVALS LIKE DUSHERA, EID, DIWALI, CHRISTMAS & THE INDIAN
MARRIAGE IS PEAK SEASON FOR BUYING GOLD
THERE IS HUGE DEMAND OF GOLD DURING THE MARRIAGE SEASON ,
DHANTARUS & DIWALI. THE FAMILIES BUY GOLD & SILVER JEWELLERY DUE TO
WHICH TONNES OF GOLD IS CONSUMED DURING THIS PERIOD IN INDIA.
WE FORSEE GOOD RALLY IN GOLD PRICES DUE TO INCREASE IN DEMAND IN
COMING MONTHS.

GOLD GETTING IT'S Lustre BACK IN INDIAN BULLION MARKET

WE ALL SEEN THAT GOLD CONTINUOUSLY LOSING HIS LUSTRE DUE TO THE HEAVY SELLING PRESSURE BY THE GLOBAL GOLD FUNDS . THEY ARE CONTINUOUSLY SELLING THEIR GOLD BY WHICH, GOLD CORRECTED FROM AUGUST HIGH OF $ 986 . GOLD HAD STRONG SUPPORT AT $ 742 & RESISTANCE AT $ 786.

ALL THE SUPPORTING METALS OF GOLD , ALSO MADE TWO YEAR LOW'S DAY BY DAY. BUT INDIAN MARKET GOLD PRICES TAKES PREVIOUS SUPPORT AT Rs 11200 DUE TO DOLLAR STRAIGHTNESS. WE SEE GOLD PRICES COMES AT Rs 10800, AT THIS THERE WAS A PSHYCOLOGICAL SUPPORT IN FEW MONTHS

FOR DAILY FREE TRENDS OF GOLD & SILVER KEEP VISITNG :

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