LET THE MARKET TELL WHO WE ARE

Gold: last traded price 1552.90, expected day trading range will remain between 1520-1562. Today rebound possible 1562 is important to watch if gold manage to hold above 1562 then it will be out of panic and will try to move towards 1590-1620 for the day. Immediate support at 1542-1536 key breaks would signal a retest of 1524-26 support zones. But 1522 will remain key support for short term break below this is less likely but would signal fall till 1470-1430 in coming days. Recommendation: Buying in dips will be good trading decision in gold with stop loss below 1522 for targeting around 1590-1620 Silver: last traded price 27.30 day trading range will remain between 26-28. Key resistance at 27.85 break would signal really till 28.90-30 in short term immediate support seen at 27 break may take it to 26.80-26.70 range but 26.70 will remain key support for intraday and 26 will remain key support for short term till silver trading above 26 we are expecting a rebound and silver w...

Gold : currently trading at 1557.55, day trading range will remain between 1530-1595. Trend will remain down. Gold has tasted important support of 1550 and made low of 1549.50 that is suggesting more weakness in this counter. 1559 is an important weekly support that has been broken, signalling down trend will remain continue for 1530-1470-1430. Weekly closing below 1555 will decide farther down side. Intraday resistance seen at 1564 if manage to hold above this mark then rebound possible till 1590-92 but 1592 will be key resistance for the day. Silver: last traded price is 26.97 expected trading range will remain between 26-28 , today silver made low of 26.73 it has done our long awaited target of 26.70 successfully  and trend is still looking weak. Intraday important levels to watch 26.70-26 break below 26 will supply more power to our bearish view and silver expected till slid till 24-22 in short to midterm. Intraday key resistance seen at 27.40-27.45 zones if manage to ho...

Gold: currently trading at 1588.96, expected day trading range will remain between 1560-1620. Immediate support seen at 1580 break will take it to 1572-1565. Key support will remain at 1550 break would signal fall till 1532-1475 resistance seen at 1602 breakout above said level would signal rally till 1615-20 and 1622 will remain key resistance for the day. Trend is down selling on rise can be good idea for day trading. Silver: currently trading 28.66 expected day trading range will remain between 28-29.20 trend is down. 28.60 will remain important support to watch failure would signal retest to 28.30-28 during day. 28 will remain key support and failure would confirm a fall till 26.70 that is our long awaited target for this down swing. Immediate resistance seen at 28.80 break would signal retest to 29.10-29.15 but 29.22 will remain important resistance for the day if manage to hold 29.22 then rally expected till 29.60-29.95 for the day .  If having any query related tr...

Gold: currently trading at 1592.75 day trading range will remain between 1580-1620. Gold has broken 1595 that was a good support for very short term now it is likely to taste 1582-1560 during this down swing 1550 will remain key support our expected target for gold is 1470 for this down swing. 1645 will remain key resistance for short term break would signal upside move till 1660-1700 till gold trading below 1645 looking weak and will try to head towards 1560-1532-1475 zones. Immediate resistance seen at 1614 break will take it to 1622-25-40 zones. Silver: currently trading at 28.89 day trading range will remain between 28.60-29.70. Silver having a strong support at 28.65 for intraday and break below 28.60 will take it to 28.30-28 for the day , but 28 is looking very good support break is less likely but would confirm a down side move till 26.70. Immediate resistance seen at 29.20 break would signal upside rally till 29.60-29.70 otherwise down trend will remain continue for the ...

Gold :  currently trading at 1606.43 trading range will remain between 1595-1620 not much volatility expected due to festive session in US and EURO ZONE. Immediate resistance seen at 1614 break would signal intraday rally till1620-22 area. 1645 will remain key resistance for the day. Immediate support seen at 1595 break would signal short term decline till 1582-1560. 1550 will remain key support for week and day. Daily and weekly close below 1550 would signal starting of a strong down trend in gold.  Expected weekly trading range will remain between 1550-1750. Trend will remain sideways. Silver: Currently trading at 29.048 expected trading ranges will remain between 28.70-29.75. Break below 29 would signal intraday decline till 28.80-28.75 area. 28 will remain key support for day and week break would signal down move till 26.70-26.50. Key resistance for week seen at 30.30 breakouts above said resistance would signal rally till 32-33 otherwise trend will remain down and ...

Gold currently trading at 1609.70, expected trading range will remain between 1580-1645; immediate resistance seen at 1620 further upside above 1620 possible that will take it 1640-45 range 1645 will remain key resistance above 1645 rally will continue to 1665-85-1705 areas. Immediate support at 1600 if manage to hold then will try to kiss 1592-1582 and 1580 will remain key support for the day break would invite more sellers and 1560-1532-1470 will be next destination after breach of 1560 that is very less likely. Silver: currently trading at 29.22 day trading range will remain between 28.50-30 immediate resistances seen at 29.30 break will open doors for 29.60-30.20 areas. If manage to hold 30.20 for some time then will try to kiss 30.80 for the day. As per current scenario trend is looking weak key support at 29 break would signal downward move towards 28.60-28 area. 28 will remain key support and break would confirm decline till 27-26.70 in very short term.  If having...

Gold: currently trading at 1609.26 expected trading ranges will between 1580-1645 with sideways trend. Immediate support seen at 1605 break will take it to 1592-1582 for the day. 1682 is looking key support, if manage to hold below 1582 for some time then it will try to move towards 1565-1530 zones. Immediate resistance seen at 1620 break above 1620 will open the doors for 1640-45 zones 1642 will act as key resistance for the day. If manage to hold above 1642 for some time then it would signal a rally till 1665-85-1705 in near term. As per current scenario 1605 is important to watch for intraday down side. Silver: currently trading at 29.12 trading range will remain between 28.50-30; trend will remain bearish for the day. Immediate support at 29 breaks will signal retest to 28.80-28.50 key support at 28 breaks will signal another fresh bearish move that will take it towards 26.70 that is our long awaited target for this downtrend. Immediate resistance seen at 29.30 breaks would ...

Gold: currently trading at 1625.85 day trading range will remain between 1580-1644. Trend will remain bullish over very short term time frame. Immediate support seen at 1617 if manage break below 1617 will open the door for 1612-1605 for intraday trading. Overall gold will remain bullish till trading above 1580 and it is likely to taste 1640-65-85 during this pullback. As we are expecting at starting of this week. 1644-45 zones can act as a reversal zone for a very short term correction that may take it to 1615-1605 zones. Silver: currently trading at 29.54 day trading range will remain between 28.60-30.80. Immediate hurdle seen at 29.91 breaks above 29.91 would confirm rally till 30.30-30.80 for the day. Trend will remain bullish for very short term till silver trading above 28.50 and likely to taste 30.80-31.70 during this pull back. Immediate support seen at 29.25 breaks will take it to 29-28.75 for the day. 28.50 will remain key support for the day break would signal resumpt...

Gold: currently trading at 1596.22 day trading range will remain between 1570-1640. Yesterday range bound moment seen between 1582-1609 and was facing selling pressure again and again near upper band of trading range. Today also 1610 will remain important resistance to watch cross above this resistance area would signal a rally till 1620-1640 zones for the day. Immediate support seen at 1682 break will take it to 1672-65 zones. 1660 will remain key support for short term and break would signal another decline till 1532-1470 otherwise rally till 1640 and more upside can’t be ruled out. Silver: currently trading at 28.80 day trading range will remain between 28-29.30. Immediate support seen at 28.60 break will take it to 28.30-28 zones, 28 will remain key support for the day.  Key resistance seen at 29.30 if manage to hold then the will try to taste 29.60-30 zones for the day. Breakout above 30 would confirm another rally till 30.30-30.80 for very short term. Till trading abov...

Gold : currently trading at 1591.90 intraday trading range will remain between 1560-1640. Immediate resistance seen at 1604.80 if manage to hold then it would signal intraday rally till 1620-1625. Key resistance for week seen at 1716 above that some consolidation expected for short term otherwise down trend will remain continue. 1560 will remain key support for daily and weekly basis weekly close below 1560 would offer down side target till 1470-1440. Intraday immediate support seen at 1580 break would signal retest to 1560 would offer down side target 1535-1470 for coming days. Trend will remain down till trading above 1560 rebound can’t be ruled out till 1620-25 area. Till trading below 1605 sideways moment expected between 1560-1600. Seller can use 1605 as stop loss for now if want to go short for expected targets till 1583-1565 Silver: currently trading at 29.06 expected trading ranges will remain between 28.40-30. Silver is facing very stiff resistance at 30 nice selling pr...

Gold: currently trading at 1686 intraday trend will remain sideways with positive bios. Day trading range will remain between 1560-1640. Immediate resistance seen at 1694 a break above said resistance would signal rise till 1635-40 zones. 1660 will remain important support to watch break below this support would signal a down side till 1532-1470 in coming days. But due to oversold readings in all technical indicators we are expecting bounce from current levels. Silver: Currently trading at 29.44 day trading range will remain between 28-31very short term trend will remain sideways with positive bios. Neck line breakout of inverse H&S above 29.40 on hourly chart suggesting rally may take it to 30.30-30.80 during this pull back. We are long in both Gold at 1570-72 range and in silver around 28.35-40 range and waiting for our targets our gold target is 1630 and silver expected target is 30.30-30.60. Very short term correction in dollar index will also support our very sh...

Gold : currently trading at 1572, day trading range will remain between 1560-1630. Yesterday nice fall seen in both precious metals and gold nicely taste our lower band of trading range that was 1560 and low made 1663 during trading session. All technical indicators reached in extreme oversold area over very short term time frame that are suggesting now down side is limited and and rebound can’t be ruled out. Intraday 1560 will remain important to watch break would take it to 1532 area but sellers are still aggressive and if today gold manage to break and hold 1560 then 1532-1460-70 zones will be next supports. 1460 will be a reversal point for short term. Trader can avail that opportunity for short term buying. Intraday resistance seen at 1582 above 1582 it will try to head towards 1590-92 zones. 1594 will be key resistance for day if manage to hold above that then 1630-1640 can’t be ruled out for the day. Silver: currently trading at 28.98 day trading range will remain betwe...

Gold: currently trading at 1636, expected trading range will remain between 1560-1670. Gold made 1622.88 and nicely turned back from our yesterday’s said support area. Yesterday we wrote till gold trading below 1703 it is likely to taste 1632-1620 zones and gold made 1622.30 for that trading session. On short term time frame trend is still weak and gold is likely to taste its long term trend line support that is around 1570-1560 zones. Intraday very short term charts reached in oversold zones that are suggesting some recovery can’t be ruled out till gold trading above 1620 for the day. Intraday resistance seen at 1650 above 1650 will try to retest yesterday’s high that was around 1677 and 1682 will remain key resistance above that closing on daily basis would signal a short term  consolidation between 1600-1800. Silver: Currently trading at 30.90; expected day trading range will remain between 30.50-32. Yesterday silver  nicely turned back from expected support of 30.50...

Gold: Currently trading at 1655.02 in day trading range will remain between 1620-1703. Trend will remain down but an intraday recover can’t be ruled out above 1670 if manage to hold then 1688-92 will be next destinations. 1703 will remain important resistance for the day. Till gold trading below 1670 it is likely to taste 1632-1600 area during this swing. Silver: Currently trading at 31.06 trading range will remain between 30.50-32.40. It seems that silver taking support around 30.75 areas and yesterday nice jump seen till 31.33 from 30.88. now 31.40 will remain import resistance to watch above 31.40 recovery till 31.80-32.40 is possible during the day. Immediate support area 30.75 break would take it to 30.60-30.50 areas. 30.50 will remain key support on daily closing basis. If manage to hold below that on closing basis then a sharp decline can’t be ruled out that may take it to 29.60-28.50-26.70 in coming days. 

Gold:   currently trading at 1708.99 intraday trading ranges will remain between 1700-1727. Important support for the day and week will remain at 168 failures would signal a primary down trend till 1680-1665 areas over very short term time frame. 1716 will remain minor resistance for the day where major resistance seen at 1728 above 1728 an advance till 1742-1755 areas can’t be ruled out. Weekly trading range will remain between 1660-1765. Our intraday outlook will remain bearish and break below 1698 would supply some more power to our bearish view. 1705 will remain important to watch on 240 minute closing basis. Closing below 1708 on 240 minute closing will be open invitation to bears. Silver:  currently trading at 31.75, day trading range will remain between 30.50- 32.40. Today silver made day low 31.38 during Sydney session and returned back from important support area of 31.35. Today also 31.35 will remain important to watch, break below this will confirm intraday...

Gold: currently trading at 1713.60, day trading range will remain between 1660-1740. Till gold trading above 1698 trend will remain sideways and jump from support line can’t be ruled out, more sellers may enter below 1698. Immediate resistance seen at 1724 above that area gold will try to move towards 1735-42 for the day. 1745 will remain key resistance for the day. Immediate support seen at 1698 below 1698 selling pressure will take it to 1680-1668 zones for the day. 1665 will remain key support for the day. Daily close below 1698 will open the doors for a down side swing till 1635-1600 zones in short term. As per current scenario 1717 is also a very strong resistance till gold trading below this resistance area it is likely to move in range of 1700-1717. Recommendation: selling around 1713 with stop loss above 1717 for small targeting around 1706-1700 below 1698 trader can enter in fresh shorts with stop loss above 1717 for expected targets 1685-1668. If gold manage to penetrate ...

Gold:   currently trading at 1738 day trading range will remain between 1700-1765. Trend will remain sideways s with bullish bios. Immediate support seen at 1735 break would take it to 1726-1718 but 1718 is looking important level to watch break below 1718 gold will open the door for 1700 levels. Immediate resistance seen at 1744 break above 1744 would signal an upward trend 1755-1762. 1755 on 240 minute chart will remain important level to watch for bulls 240 minutes closing above 1755 would signal upward trend till 1780. Recommendation: buying above 1743.50 with stop loss below 1734 for targeting 1756-1762 and above 1762 trader can look for 1780-85 zones also. Silver: currently trading at 32.55 day trading range will remain between 31.58-33.60. Silver having very stiff resistance at 32.85 zones above that it would signal an upward move till 33.303-33.50 area. If silver manage to hold above 33.55 zones then it would signal a short term bullish trend up to 35-35.20 in ...

Gold: currently trading at 1729, day trading range will remain between 1700-1765. Yesterday nice rebound seen from our expected support and made 1732 day high.  Immediate resistance seen at 1735 above that 1747-1763 would be next resistance. 1763 will remain very important resistance for the day. Immediate support seen at 1720 below this range a retest of 1710-1700 zones is likely but important support will remain 1698 and penetration below this level would signal fall till 1660-1635. Recommendation: our yesterday's buy trade will remain valid till our said target of 1734 now trader can use 1718 as trailing stop loss for their longs. Above 1735 if manage to hold then trader can use our extended target till 1746-1753 for the day. Silver: Currently trading at 32.57, day trading range will remain between 31.50-33.50. Trend will remain bullish minor resistance seen at 33.10 penetration above said resistance would signal an upward move till 33.60-34-35.20 levels in very short term. ...

Gold: currently trading at 1713.29, trading range for the day will remain between 1665-1735. Immediate support seen at 1698 and resistance placed at 1725 till gold trading below 1725-27 zones its likely to taste 1698-1665 zones during the day.  Above 1725 major resistance seen at 1737 if manage to hold above 1737 then trading range will remain open for 1755. Recommendation: buying around 1703-1705 would be a good idea with stop loss below 1698 on 240 minute closing basis for targeting around 1724-1734 for the day. Silver: currently trading at 31.95, day trading range will remain between 31-33. Immediate resistance placed at 32.20 above that area would take it to 32.50-33 major resistance seen at 33.10 above that it will turned in to bull’s zones otherwise looking week and it is likely to taste 31.30-31 zones during the day.  30.50 will remain important support and a break below this level would confirm a decline till 29.60-28.20-26.70 as per daily chart silver is already wea...

Gold: currently trading at 1748.62, expected day trading range will remain between 1732-1763. During Friday trading session gold defined a pivot high at 1762.90 and dropped nicely due to supportive unemployment rate. As per current scenario gold having very strong support at 1732 break of this level is less likely but would signal a down trend will 1718-1700 during very short term. 1755 and 1763 levels will remain important resistance for the day. Above 1763 intraday rally possible till 1773 penetration above 1773 would signal a upward move till its key resistance of 1803. Key support will remain at 1698 for entire week and trend will remain sideways. Recommendation: Gold will remain weak till not closing above 1755 levels on 240 minute basis. Selling would be a good idea with stop loss above 1755 (240 min closing basis) or 1763 as final stop loss for downside targeting around 1735-1719-1705. Silver: currently trading at 32.73 trading range for the day will remain between 32.30-33.70...

Gold: currently trading at 1740 intraday trading range will remain between 1698-1754. Trend will remain sideways till trading below 1755 and a retest of previous breakout area 1726 can’t be ruled out. Immediate resistance seen at 1746 above 1746 it will try to head towards 1753-54 are.  240 min closing above 1751 would confirm an advance and gold will open trading range for 1790 for the day. Immediate support seen at 1732 below this 1718-1698 will be next support for the day. Silver: currently trading at 32.73 day trading range will remain between 32-33.50. Trend will remain sideways. Immediate support seen at 32.40 below this retest of 32 can’t be ruled out. 240 minute closing below 32 will confirm a short term weakness and silver may gain turned in to range bound moment between 33-31 for short term. 33.50 will remain important resistance for the day.  Immediate resistance at 32.95 above this trading range will remain open for 33.50 above 33.50 it will confirm an advance ti...

As per this trade setup it seems that USD/INR has defined a short term top around 52.70 currently trading at 51.47 bearish crossovers on MACD with bearish divergence supporting our short term bearish view. It is likely to taste 50.400-50.000 level in near term. 49.900 can act as good support zones but failure would signal retest of 48.220 that is 50% fib retracement also of current swing.  Stochastic falling from over bought zone is supplying more power to our bearish view. 

Gold: currently trading at 1744, expected trading range will remain between 1700-1792. Yesterday gold nicely shoot up from our expected support and lower band of the day trading range around 1698 and printed 1750 as day high. Today we can see some selling pressure in gold important resistance zone will be around 1751-1753 for the day till gold not closing above 1753 on 240 min basis intraday selling can’t be ruled out. Intraday major support seen at 1726-1698. Till gold trading below 1751-53 zones a retest of 1726 zones possible during day trading.  1720-18 zones will be important to watch hourly 2 or more hourly close below 1718 would confirm decline till 1705-1700 zones but major trend change possible only below 1698 4 hour closing basis that will open down side trading range till 1660 and more down side. Silver: currently trading at 32.66. Intraday trading range will remain between 31.50-33.10. Yesterday as we have discussed about descending triangle breakout in previous post ...

Today copper February contract on mcx has broken its resistance of 402 and confirmed a short term bullish breakout with an inverse head and shoulder pattern. MACD above 0 lines with bullish crossover supporting our bullish view. Retest of previous resistance can’t be ruled out but copper has defined 378 as very strong support and buying around 390-395 area would be a good trade decision with stop loss of 378 on daily closing basis for expected targets around 430-445-465 in midterm.  In case of any type of trend change we will update you buying around said price range will be good entry.  Or u can accumulate with small quantity till said stop loss price but best buying zone is 395-390 or below this range only. 

Gold: currently trading at 1722.62, day trading range will remain between 1698-1740. Immediate strong resistance seen at 1727. Trend will remain sideways. Immediate support seen at 1711 below that 1703 possible. 1703 will act as very important support for the day below this level selling pressure may be there in streets. Buying around 1714 can be a good trade with stop loss below 1703 for targeting around 1732-40. Selling possible only below 1703 with strict stop loss above 1714 for expected down side targets around 1686-1666-1655. Otherwise selling near upper band of trading range can be good idea. Silver: currently trading at 31.84 expected trading ranges will remain between 31-32.30. Silver facing a very strong resistance at 32.30 above this resumption to a bullish swing possible that will take it to 33-35 in near term. Break below 31.35 is less likely but failure below that would confirm decline till 30.95- 30.50. 30.50 is still looking a key support and break below this level wi...

After a rising wedge failure silver headed towards 30.65 last week where we were expecting 30.50 as strong support for further down side. After looking at 240 min chart it seems that silver has broken out down sloping trend line resistance of descending triangle. Now facing resistance at 32.30 due to low buying interest of crowd. MACD near zero line suggesting 32.30 as a very stiff resistance a breakout above 32.30 would confirm an advance till 33. 33 is also looking very important level to watch as this is 38% retracement previous bearish swing from 44 to 26. Breakout above 33 would confirm an advance till 36-36.40 in near term. Till silver trading below 32.30 ranges bound moment expected in short term break below 31.40 is less likely, break would confirm decline till 31-30.50 in very short term. Further down side till 29.60-26.60 area only possible below 30.50. We expect the rising wedge pattern may affect this counter negatively which in result drives us to stay away till silver tra...

Gold: currently trading at 1710, day trading range will remain between 1680-1740.Trend will remain sideways. Immediate support seen at 1705 below 1705 fall till 1698-1692 can’t be ruled out. 1699 will act as midpoint of this trading range bears will remain aggressive below 1699. Till gold trading above 1705 gold will remain bullish and major resistance for the day are 1722-27-1740. Silver: currently trading at 31.91, day trading range will remain between 30.50-33. Yesterday nice selling seen near our expected resistance are of 32.30 and silver entered under 32, today further  upside only possible above 32.30 other wise bears will remain aggressive. Immediate support seen at 31.75 failure below this support silver will try to taste 31.30-31 are during the day. Major resistance for the day will remain at 32.30 above this rally will take it to 32.60-33 during the day. Intraday trend will remain sideways. 

Gold: currently trading at 1704.93, intraday trading range will remain between 1680-1740. Immediate resistance seen at 1714 range hourly closing above 1714 would signal rally up to 1727-1740 for very short term. Immediate support seen at 1700 failure below 1700 would signal and declines till 1690-1680 zones. Trader can take long positions around 1702-1704 with s strict stop loss below 1697 for expected targets around 1713-1725 during the day. Silver: currently trading at 31.66, day trading range will remain between 30.50-32.60. Silver is taking very strong support near 30.50 zones and its 2 nd time when silver jumped from that support area.  Today also 31 and 30.50 will act as very strong support zones further fall only possible below 30.50 other wise rally may take it to 32.60 during the day. Immediate support seen at 31.30 below this fall till 30.90 zones can’t be ruled out, 30.50 will remain major support for short term. Immediate resistance seen at 31.90 above that intr...

Gold: Currently trading at 1694.5, day trading range will remain between 1660-1715. Immediate support seen at 1684 breach below this would signal downward momentum till 1675-1665, major support for the day is 1665 below this fall till 1635-1632 area can’t be ruled out. Immediate resistance seen at 1702 penetration above this would signal an advance till 1710 major resistance for the day is 1710 if gold manage to hold above 1710 then 1725 would be next expected level. Silver: currently trading at 31.77, day trading range between 30.50-32.60. Till trading above 31.40 it will try to move towards intraday resistance 32.60, above 32.60 major resistance seen at 33 for the day. A failure below 31.40 would invite sellers and silver will try to head towards support zones that are around 31-30.50 below 30.50 it will open the doors for 29.60-26.65 for coming days. Copper  COMEX: currently trading at 3.2775, day trading range will remain between 3.0000-3.3700. Immediate resistance s...

Gold: currently trading at 1691.03, day trading range will remain between 1660-1715. Trend will remain down for very short term time frame. Immediate resistance seen at 1702 above this intraday reversal possible tills 1710-1714 area, 1727 will remain very crucial resistance for this week. Till gold trading below 1715 during this week its likely to taste 1640-1632 range. Immediate support seen at 1683 below these next important levels is 1675-1663 below 1663 next important level at 1632. Intraday important level to watch is 1702 till gold trading below this it’s looking weak for the day. Silver:  currently trading at 31.65 intraday trading ranges will remain between 30.50-32.60. Trend will remain week and immediate resistance seen at 32.10 above that rally my take it to 33-33.60 till trading below 32.10 silver looking weak and try to taste 31, 31 is important support a failure below 31 will take it to 29.60 and more down side. Important level to watch for the day are 30.70 fa...

Gold: yesterday nice rebound seen in gold from bottom line of 1666 and nicely jumped till 1705.49 our 2nd target of 1710 just missed by $5. Currently trading at 1707.65, day trading range will remain between 1660-1730. Immediate resistance seen at 1715 penetration above 1715 would signal intraday rise till 1726-1740 zones. Important level to watch for today is 1727 closing above 1727 would confirm short term reversal and 1665 will remain important support and gold will try to resume up trend for targeting 1925 and more in midterm. Immediate support seen at 1695 breach of this less likely, but would signal 1685-1675 for the day. Sell trade possible with strict stop loss of 1727 best selling zone around 1715. Above 1727 if gold manage to hold then don’t remain short in gold. Silver: currently trading at 32.58, intraday trading range will remain between 31.40-33.90. Immediate support seen at 32.30 below this 32 will act as very important support below this no major support till 31....

Gold: currently trading at 1687.54 trading range will remain between 1640-1740. Immediate support seen at 1675 current swing may take it to 1697-1710 area a breakout above 1715 would signal an advance till 1738-42. A breach of intraday immediate support of 1675 would signal a intraday downward move till 1668-66 and a break below this important level would take it to 1640-1620 area for the day. As per current scenario we will suggest traders to buy around 1680-82 are with stop loss below 1675 for targeting around 1697-1710 during the day. Intraday selling may appear near resistance area 1710-15 zones. Short sellers can use 1715 as stop loss if want to create shorts near resistance area of 1710-15 zones. Silver:  currently trading at 31.47as per daily chart trend will remain weak and silver may taste 26.70 during this weakness. But silver is still holding our 1 st expected support of 30.50. As written in my blog post on November 17, 2011 . Day trading range will remain betwee...

Gold: currently trading at 1723.09, trading range will remain between key supports 1680 to 1768. Immediate important support seen at 1710 below 1710 retest of 1680 is possible during day trading. 1742 will be major resistance above 1742 gold will try to taste 1765 zones. Till gold trading above 1714 good for buyers and rise expected till 1734-40-65 but 1740-42 zones will remain strong resistance area for day trading below 1710 an intraday selling pressure can’t be ruled out. Silver: currently trading at 32.18, trading range will remain between 30.70-33.60 areas.  Short term trend will remain down major resistance at 33.70 for this view. Immediate support seen at 31.80 till silver is trading above 31.80 looking safe for buyers and try to taste immediate resistance around 32.60 penetrations above 32.60 would confirm a rise till 33-33.60 during the day but 33.20 can act as very stiff resistance in intraday. Below 31.80 selling pressure can’t be ruled out and would signal a intr...

Gold: yesterday huge selling seen in gold as per our expectations. Currently trading at 1725 after making a low of 1710.46. Trading range will remain between 1680-1750. After yesterday sharp fall today we can see a rebound in market and gold may taste upper band of today trading range overall 1770 will remain key resistance for short term selling on rise can be good idea because technically 1705-1695 range is still due as per our expectations. Silver: yesterday nice selling pressure seen as per our mapped trend and silver made low 30.95 where we were expecting 30.50 as my 1 st target. Currently trading at 31.48 day trading range will remain between 30.50-32. Sideways moment expected for the day some jump can’t be ruled out during day trading because its reached in over sold zone on very short term intraday charts technically trend is down yesterday it has formed rising wedge breakout that is the sign of resumption in previous down trend silver expected targets are 28.70-2...

As per daily silver is facing resistance at 50% fib retracement on previous bearish swing and its 60 days SMA around 35.32. Bearish cross over on MACD near zero line also suggesting some bearish environment. Silver having a psychological support at 33 breach of this level would signal a decline till 30.50 and 28 in coming days. Silver moving in a rising wedge on daily chart and 33 is support of this rising wedge. Rising wedge are always works as continuation pattern during down trend. These all ways are suggesting that this counter will remain in control of bears in coming days but we need a confirmation below 33 on daily closing basis. 35.40 will remain strong resistance for this view for targeting around 30.50-28.50 and 26.70 in coming days. 

Gold: Currently trading at 1760, like yesterday intraday trading range will remain between 1745-1790. Trend will remain sideways till trading in this range break below 1745 would signal a decline till 1725-1705 but 1680 will remain a key support for short term. Immediate resistance seen at 1770 above 1770 intraday next resistance at 1790 that will be act as key resistance. Currently trading near support area so here is a good chance for risk lever to entering in longs around 1755-60 range with stop loss of 1745 for expected rise till 1770-1785 for the day. Silver: currently trading at 33.80, intraday trading range will remain between 33-34.60. as per my yesterdays road map silver was not able to cross said support of 33.60 and resistance of 34.60 nice movement seen between my said range. On daily basis 33 is very important to watch if close below 33 then this short term trend will fail and silver may fall till 30.50 and more down side. Intraday 33.50 looking good support trade...

As per daily chart of crude oil it seems that 103-106 zones are still very stiff resistance zones in crude. Nice rally seen above 91 as I have written in my previous post of crude now stochastic indicator with overbought reading suggesting that reversal is near and a correction in this bullish wave till 95-94 area can’t be ruled out in short term. Penetration above 106 in near term is less likely failure near resistance would signal short term bearish activity for targeting around 95 in near term trader can avail the opportunity with selling around 102-103 zones with a stop loss above 107 on daily closing basis for our expected support  area around 95-90. On 4 hour time frame stochastic with bearish divergence suggesting that top is near and selling may take place any time 98 can act as minor support below this fall till said support will be in streets. 

As per 4 hour chart gold is weakening technically and it seems that below 1750-45 area this can attract more sellers. Respect of 1745 zones is less likely, failure would confirm a decline till 1705 zones. 1790 zones will remain key resistance above 1790 bullish move can’t be ruled out for 1819-1840 primary trend on midterm will remain bullish short term selling pressure can’t be ruled out below said support. Bearish divergence on MACD indicator is suggesting big money is not flowing in market. Below 1745 2 major reasons will attract big players that are failure of support and MACD falling below 0 line confirming a strong failure below expected support. 

Gold : current price 17658.20, day trading range will remain between 1745-1800. Yesterday gold was not able to cross 1788 my said resistance area and nice selling seen from upper band of trading range.  Immediate support 1765 below 1765 It will try to taste 1755-45 area below 1745 some sharp decline can’t be ruled out. Till gold not closing above 1805 I m still expecting 1705 in coming days. 1788 will remain key resistance for the day above this 1800 and more upside can’t be ruled out. Immediate trading band seen between 1765-1788 breaks above and below these range would confirm further trading range for the day. Silver: currently trading at 3423 day trading range between 33-35. On daily chart MACD getting ready for bearish cross over near 0 line is suggesting a break below 33 would signal resumption to down trend and fall till 30.50-28-26-23 can’t be ruled out in coming days. Intraday immediate support seen at 34 below 34 it will try to taste 33.60-33 area for the day. Resi...

Gold: currently trading at 1778.45. Just respecting my said support zone around 1774. Day trading range 1745-1800. Range bound moment expected between 1745-1800; immediate support seen at 1770 it will remain open for retest of 1755-45 zones during the day. Trading below 1745 for some time will invite more sellers and selling pressure may take it to 1710-1705 levels. Resistance at 1788 above 1788 it will try to taste upper band of the range around 1800-1802 trading above 1802 for some time will support bulls and gold will resume its  bullish trend for 1820-1849 in near term. Buying in dips around 1705 can be good entry for buyers and selling on rise around 1796-98 can be good trade for the day. Silver: currently trading at 34.19, Day trading range will remain between 33-35. Silver struggling near rising trend line support with losing momentum. Immediate support seen at 33.90 below this major support for the day is 33 failure below 33 will open down side range till 32 in short...

Gold: as per daily chart we are trading with a strong up trend in gold. Currently trading at 1793 day trading range between 1748-1820, short term trend will remain bullish minor resistance at 1805 above that trading range will open for 1820-1849 in coming days. Major support seen at 1774 below 1774 day trading range will remain open for 1762-1752. Weekly trading range will remain between 1680-1890. Silver: intraday trading range will remain between 33.70-35.50, currently trading at 34.79 trends will remain bullish and silver will try to taste 37 during this week. 35.30-35.70 area will remain resistance zones. 2 consecutive closes above 35.40 on 4 hour chart would confirm this rally till 37 and more upside. 33.80 will remain very strong support for current move for targeting around 35.40-35.70 zones. But further move will confirm after closing above said level. Bios are positive trend is strong up closing above said level will supply more power to our said view. Buying in dips ar...

Gold: gold trading at 1766, day trading range 1703-1792. Intraday trend will remain sideways. Immediate resistance seen at 1778 above 1778 rise possible till 1792 and more 1805 will remain key resistance for this down move. Immediate support seen 1748 hourly closing below 1748 would signal decline till 1725-1704 are. Buying near lower levels of day trading range will be good idea. Our 9 th November sell call from 1790 has done our both expected targets yesterday. Silver: trading at 34 yesterday nice rebound seen from our key support and silver closed above 34 after making a low of 33.15. Intraday trend will remain sideways. Day trading range will remain between 33-34.40, immediate support seen at 33.70 below 33.70 a retest of lower band around 33.20-33 range is possible, 34.40 will act as key resistance for the day above 34.40 a rise till 34.90-35.30 area can’t be ruled out. 33 will remain key support for this bullish wave and a daily closing below 33 will destroy this bu...

Gold: nice selling seen in gold yesterday and it has done our 1 st target of 1766 as given in our morning market road map, currently trading at 1761, day trading range 1749-1800, immediate support seen at 1749, reversal from 1750 area would signal another fresh advance for new highs that will take it to 1820-1842 zones. 1749 is important to watch failure below 1749 would signal a decline till 1725-1704 area. Trader can look for buying near lower band of this range. Silver: currently trading at 33.81, day trading range is 33-35, as per daily chart it seems that selling pressure may continue in silver and selling on rise can be a good decision for the day 35$ will remain strong resistance for the day . Immediate support seen at 33.20 below this a fall till 32.80-32.20 can’t be ruled out on intraday 240 trend is down. Current move is looking bullish and a rebound from this bottom can’t be ruled out trader can go long at current price 33.83-33.75 for targeting 34.15-34.60 w...

Gold: currently trading at 1791.76, day trading range between 1740-1840. Immediate resistance seen around 1805, below 1805 very short term trend will remain sideways. We will see consolidation between 1760-1805. Above 1805 rally will extend till 1819-1840 for the day. 1780 will remain key support for the day below 1780 it will try to taste 1760-1745 zones for the day. Possible trade: Selling around 1790-95 for targeting 1766-1746 stop loss with 1805. Silver:  currently trading at 35.12, day trading range will be 34.40-35.90. Intraday trend will remain bullish. Immediate support seen at 34.70 below 34.70 it will try to taste 34.40 and 34.40 is the major support for the day below 34.40 further down side possible otherwise silver will remain open for  resistance area 35.40-35.90 for the day. Immediate resistance seen at 35.40 above this 35.90 possible for the day.

Gold: currently trading at 1791.76, day trading range between 1740-1840. Immediate resistance seen around 1805, below 1805 very short term trend will remain sideways. We will see consolidation between 1760-1805. Above 1805 rally will extend till 1819-1840 for the day. 1780 will remain key support for the day below 1780 it will try to taste 1760-1745 zones for the day. Possible trade: Selling around 1790-95 for targeting 1766-1746 stop loss with 1805. Silver:  currently trading at 35.12, day trading range will be 34.40-35.90. Intraday trend will remain bullish. Immediate support seen at 34.70 below 34.70 it will try to taste 34.40 and 34.40 is the major support for the day below 34.40 further down side possible otherwise silver will remain open for  resistance area 35.40-35.90 for the day. Immediate resistance seen at 35.40 above this 35.90 possible for the day.

As per daily chart silver is moving in rising wedge, normally these patterns are known as trend reversal pattern but some time these pattern works as trend continuation also. As per this trade setup rising wedge seen after a nice bearish move from 44.18 to 26.08. As per this chart analysis now we can expect that short term advance will remain continue till 37-37.50 this area can act as key resistance area or we can say that resistance line of this wedge can act as a nice reversal zone around 37$. For this view 34.40 will remain key support and failure of this wedge will occur below 32.75 after a break below 32.75 another sharp down move can’t be ruled out after that silver will try to taste 22$ if moves in our expected way as per this trade setup. Stochastic indicator with overbought reading is also supporting 37 zones as key reversal area. Very short term trend will remain continue and 36.80-37.40 will be target for buyers. 34.40 will remain key support for this view, fai...

Gold : currently trading at 1792, day trading range between 1760-1820, trend will remain bullish for the day.  Immediate support at 1780 retest of 1780 is possible during the day but below 1780 if gold manage to hold for some time then selling pressure may take it to 1760-1748. Immediate resistance at 1795 above 1795 intraday rally will take it to 1805-1815-18. Selling near upper band of day trading range can be good idea for day traders. Silver : currently trading at 34.80, day trading range 33.75-35.70. Intraday tend will remain sideways. 34.40 is looking nice immediate support below 34.40 it will try to taste lower band of day trading range around 34.10-33.80 major trend fail possible only below  33.75 other wise this swing will remain open for upside targets around 37-39 in short term. Intraday resistance seen at 35 above 35 it will try to head towards 35.60-35.80 zones for the day. USD/INR: currently trading at 49.285 pair is trading in uptrend and ma...

Silver comex moving in a channel a ascending triangle and it has broken out the up sloping  trend line of this triangle that is suggesting a big selling may take place below 33.75 mark. This fall may take it to 33.20-32.40 trader can use 34.40 as stop loss in there sell after failure below 33.75 currently trading at 33.91

Gold:  day trading range 1722-1790, currently trading at 1759. Immediate support seen at 1754 below this likely to taste 1744-1722. Intraday resistance at 1768 if manages to hold above this then 1788-1800-1819 is possible targets. Reversal can’t be ruled out from upper band of today’s price range. Silver: currently trading at 34.36 day trading range is 33.50-35.50. Immediate support seen at 34 and resistance at 34.60 breaks above 34.60 will take it to 35-35.50. Below 34 it will try to taste 33.50 and more down side. Reversal from upper band is likely. We will update u when to enter in shorts. 

Breach of the down sloping trend line resistance is suggesting descending triangle breakout respect of horizontal support at 3.4700 would offer an advance till 3.8155. MACD signal line crossover above 0 lines suggesting valid breakout. A failure below 3.4700 is less likely, a fall till 3.3000 and more down side can’t be ruled out after failure below support 3.4700.

Gold Comex: Intraday trading range 1700-1750, immediate support at 1718 break below 1718 will take it to 1711-1702 for the day below 1700 retest of 1680 zones possible, intraday trend sideway, till trading above 1717 retest to 1740-1754-1765 zones is likely. Major resistance for the day is 1754 a penetration above 1784 would confirm an advance till 1810-19 ranges. Comex Silver: day trading range between 32.70-34.70, current price 33.79 immediate resistance seen at 34.40 above 34.40 it will to taste 34.780-35.10 ranges. Break below 33.30 will support bears to push it till 32.80-32.70 zones.

Gold comex: currently trading at 1724 expected trading range is between 1678-1745. 1732 is still looking a good resistance above 1732 possible levels for the day is 1744-1758. Intraday trend will remain sideways with negative bios. Immediate support seen at 1711 below 1711 expected levels are 1700-1678. Break below 1678 is less likely penetration of support would signal a decline till 1655 zones. Silver comex:  currently trading at 33.36, day trading range 32-33.70. Intraday trend sideways with negative bios. 33.80 is important level to watch for bulls. Till trading below 33.70 retest of 33-32.60 levels are possible. Below 32.30 intraday selling pressure expected, penetration would signal a decline till 31.80-31.20. Breakout above 33.70 would signal bullish wave for expected targets 34.20-34.80.  INR/USD: currently trading at 49.365, intraday trading range is 49-49.60 bios are positive rise till 49.60 can’t be ruled out. Intermediate trend is still up in this pair. ...

Gold comex : intraday expected trading range between 1690-1730. Yesterday range bound moment seen in gold between ranges of 1730-1703. Today also 1703-1730 ranges will play important role for day trading. Intraday trend will remain sideways a break below 1693 would confirm a intraday decline till 1670-1660 ranges a respect of 1693 would confirm bullish move to be continue for 1730-1760. Till gold trading below 1732 zones intraday very short term trend will remain down and break of 1693 is likely above 1732 crossover can neglect this intraday bearish view. Silver comex: silver expected intraday trading range between 34-35. Silver is still bounded in a range between 34-34.65 and taking nice support at 34 areas. Penetration of 34.65-34.70 zone is likely a respect would confirm a retest of 34.10-34 zones. Above 34.70 intraday 35-35.60 possible.  

Gold comex: gold has broken out short term resistance of 1700 and nicely rallied up to 1752 during last week. We were expecting 1750 zones as a good resistance. Today nice selling pressure seen near resistance and gold made a low of 1705.99. Currently trading at 1712. Intraday expected trading range will be 1660-1750. Immediate resistance around 1733 a break above 1733 area will open it till 1750-1785-1800 but break above resistance of 1733 is less likely. Immediate support seen at 1695 a failure below 1695 would confirm a decline till 1678-1668 zones for the day selling on rise can be a good decision for the day. 1695 will be an important level to watch respect would confirm a primary rally till 1800 and more in very short term. Long term trend will remain bullish. Silver comex: silver has also broken out the upper band of 33 and headed 35.60 marks during last week. But 33-32.80 zone will remain important support for now a respect would confirm a primary rally till 37.50-39 in ...

USD/INR:  technically inr looking strong against us dollar, currently trading at 48.875 today opened gap down. Making bearish engulfing on weekly chart. Immediate support seen at 48.60 a failure below 48.60 would confirm a decline till 47.70 for retest of primary support.  Trend will remain down in this counter.  Silver comex: intraday trading range between 34-36. Yesterday nice breakout seen above 34 that is suggesting 33 as a nice support for coming days and rally will try to lead towards 38-39 in short term . For intraday 34.80 looking a good immediate support below this it will try to retest primary support around 33.70 during the day. Above 34.80 trend will remain up and expected levels are 36-36.80 for the day.  Gold comex: Gold currently trading at 1742.80 intraday trading range 1690-1790, trend bullish buy on decline will be good, immediate strong res. At 1750-52 till not crossing that resistance. A retest of 1710-1690 range is possible. Above 1752...

By looking at weekly simple bar chart it seems that USD INDEX is moving in a inverse head & shoulder formation and making a nice bar reversal on weekly chart. If this week dollar index manages to close above 76.60 marks then this week can be a nice reversal day and a rally till 85-87 zones would confirm.  As per dollar index weekly analysis we can expect that if price moves in our way then some weakness we will see in gold also and gold may decline till 1480-1250$. Before taking any trade don’t forget that we are analyzing weekly chart so this pattern may take 16-18 months to develop. 

I was just spending time with charts for some good trading ideas for special session of mhurat trading. I visited to daily chart of  Dow Jones ind avg.and found a nice failure of bullish swing near resistance area with a bearish bar reversal confirmation followed by stochastic over bought readings. As per these conditions it seems that today’s trading day can prove a good reversal. Failure near important resistance line with fundamental confirmation of worst consumer confidence data are suggesting that today’s day can be a final day for this bullish move and trend can reverse. All these conditions are suggesting that we have to trade with negative outlook during mhurat trading in domestic markets.   I will post another pitch report after Asian market closing . If you feel that these updates are really helpful for you then don't forget to leave your valuable feedback. 

After a deep analysis of gold weekly, daily and intraday 240 minute chart i found that gold is still bounded in a range of 1650-1720 zones. a nice drop seen in gold prices few weeks ago and and now it is trying to retest of its previous support (now resistance) of 1700 mark. on intraday 240 minute time fame its bounded in a range between 1650-1685, a breakout above 1685 would confirm an advance till 1704-1722 zones. a failure near immediate resistance around 1685 would signal a decline and gold will try to test 1632-25 mark in very short term and this failure near resistance 1685 may invite more sellers to streets and gold may decline further till 1500-1480 area. After a successful breakout above 1685 level an advance till 1704-1722 levels can't be ruled out. as per intraday hourly chart gold is moving in a range of 1685-1652 since 11-10-2011 and making a possible head and shoulder reversal pattern, head of this pattern is at 1692.10 made on 12-10-2011, and neckline support seen ...

Silver moving in a ascending triangle on 240 after a sharp bearish move till 26$ and facing resistance at 33.30 zones. Yesterday’s high 33.03 was 2 nd attempt to this resistance line and a nice selling pressure seen from that res. Area now level to watch is 31.20 zones for more down. Below 31.20 it would confirm a decline till 29-26$. Macd indicator is also struggling near zero line and getting ready for a bearish cross over that is suggesting a valid break of this support line till silver trading below 33.30 I would like to book full profit in all longs taken by me and will wait for a fresh entry after breakout. As per this trade setup your stop loss will be 33.60 zones for targeting around 29.30-26.50. your suggestion and feedback will increase my confidence and inspire me to give best results. If you like this post then don't forget to leave your comment and share my blog with your friends and fellow traders.If you stuck in any wrong trade, send your queries to me...

As I have wrote about crude in my previous of September 17,2011 that I am expecting a fall of 10-15$ from current levels when it was trading around $88 mark. Now again crude is struggling near same down sloping trend line on daily chart and nice descending triangle formed on scale. That is suggesting 87$ as a very stiff resistance above 87 it would confirm an advance till 91 -100 dollars in coming days but 91$ will play an important role for 100$. Why 91 is so important??  Crude made $74.94 low during this swing and nicely reversed from bottom area of 75$ with double bottom confirmation and a break above 91 would confirm neckline breakout of this double bottom formation that will attract more bulls to the streets. This is the 4 th attempt to its down sloping trend line and crude is now struggling. If crude spends some time below 83.80 mark then a failure may occur and crude may slide again till $80-75 below 75 if manage to hold then a retest of 68-66 can’t be ruled out....