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 ...