LET THE MARKET TELL WHO WE ARE

Gold: currently trading at 1735.85, day trading range will remain between 1710-1742, trend is up but reversal is likely. Yesterday gold was struggling between ranges of 1711-1740 and was not above to form any directional moment. Having strong resistance at 1742 break above 1742 would signal an advance till 1755-1760 zones. Immediate supports seen at 1725 break would signal retest to 1716-1711 zones. Key support will remain at 1700 break would take it to 1680-1670 zones. Recommendation: Selling gold around 1635-1638 would be a good trading decision with stop loss above 1742 on 4 hour close basis for targeting around 1717-1706-1684. Silver: currently trading at 33.57, day trading range will remain between 32.70-34, trend will remain up but reversal is likely due to overbought conditions. Silver having strong resistance at 34, if manage to hold above this level for some time then rally will remain continue till our ultimate target 35.70. Immediate resistance seen at 33.72 break...

Gold: currently trading at 1734.54, weekly trading range will remain between 1640-1805, weekly trends up; intraday trading range will remain between 1700-1760, trend up.  Immediate support seen at 1717 break would take it to 1711-1704 key support will remain at 1700 and break would signal fall till 1670 zones. Intraday key resistance at 1760 minor resistance are 1740-1752. Stochastic indicator with overbought readings suggesting that break above 1740 is less likely in case of break maximum rally expected till 1755-1760. Trader can use this opportunity for selling on rise. Recommendation:  technical indicators are in overbought zones suggesting that very short term correction may take place any time so it’s better to wait for 1670 zones to enter in longs otherwise stay aside. Selling on rise around 1750-1755 zones would be a good idea with stop loss above 1760 on daily close basis. Silver: silver currently trading at 33.57, weekly trading range will remain between 31...

Silver MCX has nicely rallied up to 2000 points after my post of January 21, 2012 and made high of 57450. Now it’s time to offload your long positions on every rise because some technical indicator has been reached in overbought conditions that are suggesting 58800-60000 can act as reversal areas and very short term correction can’t be ruled out so be a smart trader and book profits as per your satisfaction and keep visiting us for more jackpot entries. Wishing you all profit full week ahead.  Copper rose 35 points after my suggested entry on November30, 2011 and made high 430.25 on Friday our 1 st target of 430 successfully reached so it’s time to book some profit in copper also and keep 414 as final stop loss for our 2 nd and 3 rd targets for remaining quantity. 

Gold: currently trading at 1720, day trading range will remain between 1700-1760 trends up having immediate support at 1711 break would signal retest to 1702-1700 zones. Break below 1700 is less likely but fall till 1685-1680 zones can’t be ruled out if manage to break 1700. Immediate resistance seen at 1731 break would signal intraday rally till 1755-1760 over all this really is open for 1800 but very short term reversal expected from 1760-1767 zones. Silver: currently trading at 33.55 day trading range will remain between 32.20-34.50; trend is up and likely to taste 35-35.70 during this rally. Immediate support seen at 33.18 breaks below 33.18 will take it to 32.80-32.50 zones. Key support for the day is 32.20 breaks below this level trend failure possible. Immediate major resistance at 33.80 if manage to hold above this level then intraday levels are 34.10-34.40 for the day, but major targets for this swing are 35-35.70. 

Gold: yesterday gold has nicely broken out resistance of 1685 and closed above 1690 nicely shooting up according our technical setup as posted on January 18, 2012. Now gold has defined a recent support at 1640. I was expecting 1640 as very strong support and yesterday reversal seen from that support area. Now gold has open trading range for 1800 in short term. Intraday expected trading range will remain between 1640-1760. Immediate support seen at 1704 break below 1704 may take it to 1688-1670 but that will be actually buying zone for fresh entries. 1640 looking very strong support for this swing and we are expecting 1725-1755-1805 targets for this swing. Silver: currently trading at 33.10 and nicely broken out long awaited resistance zones of 32.80 now suggesting 33.80 zones as minor resistance and rally expected till 35.50-35.80 according this breakout as we have written many times in our morning reports. 31.40 will remain important to watch but major support for this swing wi...

Gold: currently trading at 1664.89, trend sideways, trading range will remain between 1640-1685. Gold was not able to cross resistance area and nice selling pressure seen as written yesterday. Immediate support seen at 1660 break would signal intraday down side that may take it to 1645 failure below 1640 area will take it to 1625-1620 zones. Immediate resistance seen at 1672 above 1672 retest of 1677-80 range is possible. Key resistance seen at 1685further upside for this swing is possible only that area otherwise we are expecting a correction till 1645-1625 zones. Silver: currently trading at 32.15, trend will remain sideways with positive bios; day trading range will remain between 30.70-33. Immediate support seen at 31.70 breach of this support would signal a 31-30.80 for the day. Immediate resistance seen at 32.50 a breakout above this level will take it to 32.75-32.80 zones. But major resistance at 32.80 if manage to hold above 32.80 then intraday rally till 33.50-33.80 can...

Gold: currently trading at 1675.03 struggling near descending trend line resistance 1780-85 zones as I have written in my previous post on January18, 2012 . Intraday trading range will remain 1640-1685. Immediate supports are 1670-1665-1660 we can take 1660 as key support if today Gold manage to break this support then some bears may active in gold and close below 1660 would signal failure in breakout and fall till 1640 zones can’t be ruled out immediate resistance zones for the day are 1682-1685-1696 a successful close above 1685 on daily basis would signal a rally that will take it to 1722-1769-1810 in coming days. Trend will remain sideways till gold trading below 1685 and selling pressures can’t be ruled out that may take it to 1660-1640 zones. Note: To read Gold trend analysis visit our previous post of January 18, 2012 Silver: currently trading at 32.33 and yesterday it has done our 1 st target of 32.70 successfully as posted on January 10, 2012 and selling pressure ...

Gold: currently trading at 1668.13 day trading range will remain between 1630-1685, and weekly trading range expected between 1630-1760. Short term trend is up gold is having very stiff resistance between 1672-1685 zones immediate resistance seen at 1672 break above this resistance intraday rise possible till 1680-85 zones further upside will confirm only above 1685 daily closing basis that will take it to 1760-1810 in coming days. Immediate support seen at 1665 break would signal intraday decline till 1658 break below 1658-55 zones is less likely. But failure would signal retest till 1640-45 zones. 1630 will remain key support for the week. Silver: currently trading at 32.30 nicely shooting up after our post of January 10, 2012 . Weekly expected trading range will remain between 29.30-34; day trading range will remain between 30.30-33. Silver has broken out important resistance that is suggesting, high volatility. 32.70-33 are very stiff resistance and reversal zones for a pull...

Silver MCX: silver mcx having very strong support in range of 49000 on daily closing basis with multiple bottom confirmation and it has broken out its short term resistance above 54000 and made 55987 after breakout. 562890 is its 200 days SMA resistance 2 consecutive close above 56300 would signal a primary rally till 57900-58200 over all this swing is open for 60000 but 56300-58300 zones will remain minor hurdle.

Gold: currently trading at 1656.37. Trading range will remain between 1640-1685 yesterday no major development seen on charts today also we are expecting 1640 as immediate support only break below 1640 would signal very short term correction that may take it to 1628-1618-1606 till gold trading above 1640 will remain bullish and likely to taste 1672-1680 zones during this rally, to consecutive close above 1680 would signal a short term rally that will take it to 1740-1790. We are waiting for a valid breakout to enter in a positional trade. Silver: currently trading at 30.56 day trading range will remain between 29.30-30.80. Very short term trend will remain up. Yesterday silver has formed breakout above but no follow up buying seen. Today 30.30 looking good immediate support break below this would signal 29.70-29.30 failure below 29.30 would signal failure in this bullish swing and silver can again correct till 28.60-28.40 till silver trading above 29.30 it is likely to taste 32....

Gold: currently trading at 1663.42 day trading will remain between 1640-1685 trend will remain up till gold trading above 1640 and likely to taste 1680-85 zones before reversal, intraday immediate resistance seen at 1668 breakout above this would signal intraday rally till 1676-1682. Immediate support seen at 1655 break would signal intraday decline 1648-43 zones failure below 1640 would signal 1633-1623 major trend failure only possible below 1620 other wise gold will remain open for 1680-1770 in midterm. US dollar index is in short term correction mood that is also supporting our short term bullish view in bullions. Silver: currently trading at 30.51 day trading will remain between 29.30-30.80. Till   silver is trading below 30.70 selling pressure expected from current levels that may take it to 30.28-29.80 during the day but a cross above 30.70 would be the ultimatum for all bears and silver will resume its bullish wave that will take it to 32.20-32.70 in short...

 On daily chart gold moving in descending triangle having 1675-82 zones as stiff resistances, breakout above 1682 on daily closing basis would signal primary rally till 1760-1810 over midterm time frame. Immediate support seen at 1618 break below this level is less likely. Breach of 1618 zones would signal a decline that will offer 1570-1530-1470 as down side targets. 

Gold: currently trading at 1653.02, day trading range will remain between 1640-1685. Trend will remain up till trading above 1640 and likely to taste 1680-1685 zones during this rally. Support seen at 1640 failure would signal fall till 1630-1620 area in near term. Immediate resistance seen at 1656 above this gold will try to taste 1665-1680 zones in near term. Silver: currently trading at 30.08, day trading will remain between 29.30-30.80 trend will remain sideways till silver trading below this zone. Immediate support seen at 29.75 breaks below this is less likely but break would signal retest of 29.30 breaks below 29.30 would signal failure of bullish swing and retest of 28.50-28.40 can’t be ruled out. Immediate resistance seen at 30.15 cross above this would open door for 30.50-30.80 zones, but silver need a close above 30.80 to confirm further upside rally that will take it to 32.20-32.70-35 in near term. 

Gold: currently trading at 1657 expected day trading range will remain between 1640-1685. Intraday trend will remain up till trading above 1640 immediate resistance seen at 1666 breakout above 1666 would signal a rally till 1674-1684. Immediate support 1640 break is less likely, but break would signal down side till 1628-1618 for the day. Silver: currently trading at 30.21 day trading range will remain between 29.40-30.80. Immediate resistance 30.30 above that retest of 30.60-31 zones can’t be ruled out and we need a close above 30.80 for further upside that will take it to 32.20-32.70 in near term. Major support will remain at 29.40 break is less likely, down side possible only below that level otherwise silver short term trend will remain up. 

Gold: currently trading at 1639.95, weekly trading range will remain between 1600-1666, intraday expected trading range will remain between 1620-1666, and trend will remain sideways for the day. Immediate resistance seen at 1642 if manage to hold above 1642 then intraday rise possible till 1648-1655 for the day. 1629 looking good immediate support break below this would signal intraday weakness and 1618 can’t be ruled out for the day. Silver: currently trading at 29.58 day trading range will remain between 28.40-30 intraday trend is weak and important support seen at 29.40 break would signal a retest of 29-28.70-28.40 zones in very short term. Intraday immediate resistance seen at 30 breakouts above 30 would signal intraday recovery but major resistance will remain at 30.80 for this swing and above 30.80 on 240 minute closing basis would signal a uptrend till 32.20-32.70 zones in short term. 

Gold : currently trading at 1637.72, day trading range will remain between 1600-1665. Trend sideways with negative bios. Yesterday nice selling pressure seen from expected resistance area of 1665 zones. Now 1628 is important support to watch break below 1628 would signal intraday decline till 1618-1608. It has define a strong pivotal resistance at 1662 further upside possible only above that resistance area otherwise short term correction can’t be ruled out in gold.  1628 will remain important support to watch. Silver: currently trading at 29.74, day trading range will remain between 29.30-31. Intraday trend will remain down 29.40-29.50 zones are important support to watch failure below 29.40 on 240 min closing basis would signal a short term correction that may take it to 28.60-28.40. immediate resistance seen at 29.95 and 30.30 break above 30.30-30.35 zones is less likely trader can use 30.35 level as stop loss if want to go short around 29.90-30. We were expecting 30....

Gold: current price 1642.70, day trading range will remain between 1620-1665 trends will remain sideways. Immediate resistance seen at 1648 break would signal 1660-65 for the day. Support seen at 1628 below this retest of 1620-18 zones can be ruled out. 1618 below if manage to hold on 240 min closing basis then bios will turn in to bears side and gold may try to taste 1608-1600 zones for the day. Silver: current price 29.97, day trading range will remain between 29.30-30.35. Trend sideways till trading below 30.30 and likely to taste 29.70-29.50 levels for the day. 29.30 will remain important support to watch break would signal failure of current move and retest to 28.60 zones can’t be ruled out. Immediate resistance seen at 30.30 if it manage to hold above 30.30 on 4 hour closing basis then intraday possible range 30.70-30.90 daily close above 31 would signal 32.20-32.70 for short term. 

 Gold currently trading at 1637.39 expected trading range will remain between 1600-1665 trend will remain up immediate resistance seen at 1645 above that it would signal a rally till 1660-1665 areas for very short term immediate support seen at 1628 break would open trading range for 1619-1605 but 1603-1604 zone will remain very strong support for short term. Silver: currently trading at 29.97 trading range will remain between 29-31. Trend will remain up, immediate support seen at 29.80 break would single a retest to 29.40 areas that will be good zone to accumulate 29 is looking very strong support for short term and silver may rally till 32-32.20 during this swing. Immediate resistance seen at 30.20 on 240 minute closing basis break would signal intraday rally till 30.80-31. Overall this swing is open till 32-32.20 click here for silver trend analysis.

Recently silver has broken out important resistance of 29.25 confirming neckline breakout of inverse head and shoulder pattern as per 240 minutes chart suggesting primary rally till 32-32.20 in short term. As per hourly chart silver making measured move and signalling next top around 32.20 as per this measured move. Recommendation: based on charts and explanations above our opinion is to buying silver on decline around 29.30-29.70 for targeting 32-32.20 with stop loss below 29 might be appropriate on 240 minutes closing basis.

Gold: last traded price 1616, day trading range between 1590-1630, trends will remain sideways. Gold having psychological support at 1600 break would signal 1590-1580 for short term till trading above 1600 it is likely to taste 1640-45 in near term. 1628 looking very stiff resistance and further upside only possible above 1628 on 240 minute closing basis. Till then range bound moment expected in gold. US Dollar index making a possible bearish reversal pattern on daily chart that can be a positive sign for bullions and retest of expected resistance around 1640-45 can’t be ruled out by looking at US dollar index chart. Silver: currently trading at 29.10 day trading range will remain between 28.40-29.90 trend will remain sideways with positive bios. Immediate resistance seen at 29.30 penetrations above this level would signal a primary rally till 29.60-29.90 further upside only possible above 30.20 on daily closing basis otherwise selling pressure can’t be ruled out from the upper ...

Gold: last traded price 1606.30 day trading range will remain between 1580-1640. Very short term trend is down. Gold is likely to taste 1580-1550 zones before further upside. 1628 will remain key resistance for this view. 1590 is looking minor support and major support seen at 1580 break would signal down side till 1560-1550 zones. Immediate resistance seen at 1613 above this level it will try to taste 1617-1624 zones for the day. 1628 will remain key resistance on 240 minute closing basis. Silver: currently trading at 28.74. Day trading range will remain between 28.40-29.90 immediate support seen at 28.40 breaks would signal a decline till 27.70 and more down side. Immediate resistance seen at 28.95 breaks would signal 29.20-29.60 for the day. 29.90-30.20 zones will remain key resistance for short term.  Till silver trading below 30.30 on daily closing basis trend will remain down and a retest of 27.40-27 zones can’t be ruled out. 

Gold: currently trading at 1625.25 expected day trading range will remain between 1590-1645. Immediate resistances at 1628 break would signal a retest of 1640-45 zones as I have already written in my previous posts that recovery from 1522 suggesting a primary rally till 1640. Immediate support seen at 1615 break would signal 1605-1598 for intraday. 1590 will remain key support for very short term. Trend will remain up. Silver: last traded price is 29.24 expected day trading range will remain between 28.40-30. Immediate support seen at 29.10 breaks would signal retest to 28.80-28.70 zones. key support will remain at 28.40 for the day. Immediate resistance seen at 29.50 breach above that would signal an advance till 29.70-30.20 during the day. 30.80 would remain key resistance for very short term. Trend will remain sideways..

Gold: last traded price 1616.19 intraday trading range 1590-1645. Intraday trade will remain up but 1620-22 area will act as strong hurdle reversal from 1620-22 zones is likely. Break above 1622 with volumes would signal retest to 1640-45 zones. Immediate support seen at 1608 break would signal decline till 1600-1592 for the day. 1590 will remain key support a break would signal 1580-1560 for very short term. Silver: last traded price 29.40 intraday trading range will remain between 28.80-30.20 and trend will remain up. Immediate resistance seen at 29.75-29.80 zones break would signal 30.20-30.80 zones. Very short term trend is up so upside break is likely. Immediate support seen at 28.80 break below this will confirm failure of this swing and a short term consolidation can’t be ruled out between range of 26-30. 

Gold: last traded price 1598.57 day trading range will remain between 1580-1620. Intraday trend will remain sideways with positive bios.  Intraday resistance seen at 1608.60 above that gold is likely to taste 1615-1620 for the day. But key resistance for the week and day is 1645 if manage to cross and close above 1645 then only trend change possible for short term otherwise we are expecting reversal from that zone. Immediate support seen at 1590 break would signal a retest to 1580 zones. Failure below 1580 is less likely but would signal 1560 levels to taste. Silver: currently trading at 29.28 expected trading ranges will remain between 28.40-30.20. Trend will remain sideways with positive bios for intraday.  Intraday major resistance seen at 29.75 breaks would signal retest to 30-30.20 zones for the day. 30.20-30.30 zones will play important role cross and close would signal a short term rebound that may take it to 35-37 ranges.  Immediate support seen at 29.05 br...

Gold: last traded price 1578.47 intraday trading ranges will remain between 1560-1600. Immediate resistance seen at 1582 a cross above this level would signal intraday rally up to 1592. 1592-95 zones are key resistance zones for gold cross above these zones would an advance till 1620-1640 in very short term. Key support will remain at 1560 break would signal down side till 1538-1532, trend will remain bullish for very short term for expected targets 1620-1640 Silver:  last traded price 28.15 trading range will remain between 27.50-28.70. Trend will remain bullish over short term and silver is likely to taste 29.70-30 in very short term. Immediate resistance seen at 28.50 above 28.50 it would signal intraday advance till 29-29.70 key resistance will remain at 30.20 further upside only possible above 30.20 on closing basis. Immediate key support seen at 27.50 breaks would signal an intraday down side till 27.10-27 and 26.60 will remain key support for short term.