LET THE MARKET TELL WHO WE ARE

GOLD INTRADAY Gold comex: expected trading range for intraday is between 1780-1860, consolidation with positive bios expected during the day. Immediate resistance seen at 1840 if manages to hold above 1840 for few minutes then rally may take it to 180-62 zones. But if today gold manage to hold and close above 1860 then it will be ultimatum for gold bears for new rally a minor resistance expected at 1914 after 1860 above 1914 a fresh rally may take it up to 2035 and more upside in very short term. After looking at intraday charts immediate support seen near 1810 a failure below 1810 may take it to 1780-1760 zones. MCX: intraday expected trading range is between 26600-27820, intraday trading expected with positive bios.   Immediate resistance seen at 27420 that was upper band of our yesterday’s trading range. Above 27420 we are expecting rally may continue till 27800 and more upside a failure below 27100 can take it to 26960-26800. Silver Intraday:-  COMEX: expect...

Gold:-  COMEX:  Intraday expected trading range between 1840-1750,  yesterday gold made high of 1837.85 with gap up opening and as I have discussed earlier that 1835 zone is a key resistance zone, that’s why gold was not able to manage above that level and a nice selling pressure too from the top today also we are expecting negative bios in market and a retest of 1750-55 expected during the day. 1735-40 zones are looking very good support zones trader can take chance with buying around 1750-500 zones with a tight stop loss of 1735. If gold manage to hold below 1735 then more seller will enter in market and we can expect a sharp down move till 1690-1680 zones.  MCX:  expected intraday trading range is between 26200-27400, a nice immediate support seen near 26430 zones  below this we can expect a dip till 26100-26000 during the day, where important immediate resistance placed at 26850 above 26850 gold may move upwards till 27000 and 27050-27100 zones are al...

Gold comex: Intraday expected trading range between 1680-835, yesterday nice buying seen near its important support of 1690 and a nice rebound seen from the bottom. Currently trading at 1773 and a consolidation we will see in gold in coming days between range of 1680-1850. Because midterm trend is still on place and trend failure will occur only weekly closing below 1716 or daily closing below 1680 basis. Today important supports to watch are 1750-1700 and 1820-1850 are res. On intraday basis daily closing above 1835 would signal resumption to its bullish trend. Consolidation expected for the day buy in dips will be better then selling till gold trading above 1750 if break 1750 then a dips till 1720-1700 may take place and trader can again look for buying around 1710-1700 zones with a final stop loss of 1688 if broken then 1580-1490 we will see on cards in coming days. Silver comex: Expected intraday trading range between 38.50-42.50, market, nice rebound seen from key support of 38....

Gold comex: expected intraday trading range is between 1790-1900, yesterday nice profit booking seen at the top of this swing as we were expecting yesterday morning. Currently gold is trading at 1846.30 immediate resistance seen at 1859 above this rise may take place up to 1872-75 and 1895 has become a big rest for now in gold and down side 1 st expected support seen around $1812 and 1790 for the day over all gold may fall till 1765 zones during this swing midterm trend is still bullish short term correction may take place till 1770-65 area but failure of midterm trend is possible only below 1715 if gold manage to close below this level. Silver comex: Intraday trading range is between 40.50-43.80, silver has recently formed a bullish breakout above 41.80 and made 44.22 high for this swing following by a selling pressure due to profit booking. Now we can expect 41.70 as intraday support if fails to hold this support then next expected strong support for the day is 40.50 a failure be...

Click here to join my live chat room on facebook its free during market hours.                                     Todays Trading levels Gold Comex: Intraday expected trading range between 1920-1858, trend is up but 14 period RSI is in our bought zone that is suggesting a sharp selling may take place any time gold on comex currently trading at 1901 and made high of 1929.80. Level to watch for intraday is 1920 a cross above 1920 may take it to maximum 1940-45 area immediate support seen at 1885 zone a failure below 1885 will try to take it to 1860 during the day and a failure below 1858 will confirm a short term correction in gold that will take it to 1760 on cards till gold is trading above 1885 during the day looking good for bulls stay long above 1885 for expected target of 1918-1942 on cards. Stay light g if gold break and sustain below 1885 more than 30 minutes. Silver comex: Intraday ex...

Gold view:  Weekly: Weekly expected trading range is between 1700-2000, weekly trend is up with overbought 14 period RSI indicator. That is suggesting a failure below 1835 during the week may drag it down till 1800-1760 levels where 1700 level we are expecting a very strong support for coming days a failure below 1700 may drag it down till its 1 st primary support of the 1575 levels. Intraday: Gold intraday expected trading range is between 1835-1920,  immediate resistance placed at 1880 currently trading at 1875.50 if gold manage to hold above 1880 then it would signal a really up to 1920 and more upside 1858 can be use as support after breakout above 1880.  As per intraday hourly chart 1858 looking as good immediate support and a failure below 1858 will confirm a retest of its recent strong support of 1835 major down side will take place only below 1835. Silver : Weekly: expected trading range is between 38-48, weekly resistance seen around 48$ , if sil...

LET THE MARKET TELL WHO WE ARE: Intraday Trading Levels for Aug 18, 2011

Gold COMEX :- Expected intraday trading range is 1725-1845 daily trend is strong up but on intraday hourly chart gold is moving up with losing momentum and 1802-05 zones are looking good res. For the day selling presser may take place around said res. Area if once price manage to hold above 1805 zones then intraday rise may take place till 1822-1840 intraday minor support seen around 1765 that can be use as stop loss for those who are planning to go long in gold on decline around 1770 a failure below 1765 may take it to 1730 area important level to watch is 1805 that will define the trend for day. Silver COMEX: - Expected intraday trading range is 38.50-42.40 y’day technically trend is up and intraday important level to watch is 39.30 a failure below 39.30 may take it to more down side and silver may head towards 38.30-37.50 during the day but trend is up so using 1 st major support of 39.30 as stop loss in longs will be good idea for expected target of 41.70 during intraday or 1-...

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